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» Statistical Methods – I
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Statistical Methods – I
Paper Code:
ECO 113
Credits:
4
Contact Hours:
60.00
Max. Marks:
100.00
Objective:
To introduce the basic concepts in statistics to the students and the way in which these concepts are applied in Economics; and
To help solving problems in statistics and interpreting the results obtained.
12.00
Unit I:
Introduction to Statistics
Basic concepts of Population and Sample, Census and Sample survey, Sampling – objectives, methods and bias, Primary and Secondary data
Frequency Distribution-Exclusive and Inclusive series
Diagrammatic representation of data-Bar Diagram and Pie Diagram
Graphic representation of data-Line Graph, Histogram, Frequency Polygon and Ogives.
12.00
Unit II:
Central Tendency
Measures of Central Tendency-Arithmetic Mean, Geometric Mean, Harmonic Mean, Median and Mode; their relative merits and demerits.
12.00
Unit III:
Dispersion
Absolute and Relative Measures of Dispersion-Range, Quartile Deviation, Mean Deviation and Standard Deviation;
Skewness-Definition and its measures (Karl Pearson’s and Bowley’s coefficient of skewness).
12.00
Unit IV:
Correlation Analysis
Simple Correlation - Karl Pearson’s and Rank Correlation Coefficient.
12.00
Unit V:
Regression Analysis
Linear Regression – Meaning, Regression Equations, Regression coefficients, fitting of regression lines (method of least squares).
Essential Readings:
Gupta, S.P., Statistical Methods (Recent Edition), S.Chand and Sons, New Delhi.
References:
Gupta, S.C. and V.K. Kapoor (1993), Fundamentals of Applied Statistics, S.Chand and Sons, New Delhi
Croxton , F.E., D.J.Cowden and S. Klein(1973), Applied General Statistics, Prentice Hall ,New Delhi.
Speigel, M.R. (1992),Schaum’s Outline of Theory and Problems of Statistics, McGraw Hill Book, London.
Nagar, A.L. and R.K. Das, Basic Statistics, Oxford University Press, Bombay.
Academic Session:
2017-18
Department News
Educational Tour
Debate on ‘India Has an Obligation to Combat Climate Change’
Dept. of Economics, IISU is Runners Up_National Economics Fest
Guest Lecture on 'Economics of Happiness'_29th Aug 2014
Sem End Exam of ECO 415 Postponed
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