Statistical Methods

Paper Code: 
ECO 402
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 
  1. To introduce basic concepts in statistics to the students; and
  2. To help solving problems in statistics and interpreting results obtained.
9.00
Unit I: 
Data Analysis
  • Basic concepts: Population and Sample, Census and Sample survey, Primary and Secondary data;
  • Diagrammatic representation of data-Bar Diagram and Pie Diagram;
  • Graphic representation of data-Line Graph, Histogram, Frequency Polygon, frequency curves and Ogives;
9.00
Unit II: 
Measures of Central Tendency
  • Mean, Median, Mode-Calculations, their relative merits and demerits.
9.00
Unit III: 
Dispersion & Skewness
  • Absolute and Relative Measures of Dispersion-Range, Quartile Deviation, Mean Deviation, Standard Deviation;
  • Skewness – concept and measures (Karl Pearson’s and Bowley’s measure).
9.00
Unit IV: 
Correlation Analysis
  • Simple Correlation - Karl Pearson’s coefficient of correlation;
  • Spearman’s Rank Correlation Coefficient.
9.00
Unit V: 
Regression Analysis
  • Concept of Simple Regression;
  • Regression lines and Regression Coefficients;
  •  Fitting of regression lines (method of least squares).
Essential Readings: 
  1. Gupta, S.P., Statistical Methods , S.Chand and Sons, New Delhi.
  2. Nagar, A.L. and R.K. Das, Basic Statistics, Oxford University Press, Bombay.
References: 
  1. Croxton, F.E., D.J.Cowden and S. Klein , Applied General Statistics, Prentice Hall, New Delhi.
  2. Speigel, M.R.,Schaum’s Outline of  Theory and Problems of Statistics, McGraw Hill Book, London.
Academic Session: