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Statistical Methods
Paper Code:
ECO 402
Credits:
3
Contact Hours:
45.00
Max. Marks:
100.00
Objective:
- To introduce basic concepts in statistics to the students; and
- 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:
- Gupta, S.P., Statistical Methods (Recent Edition), S.Chand and Sons, New Delhi.
- Nagar, A.L. and R.K. Das, Basic Statistics, Oxford University Press, Bombay.
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.
Academic Session:
