Published on Business Studies (https://business.iisuniv.ac.in)

Home > Business Statistics

Business Statistics [1]

Paper Code: 
25CATG201
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

This course will enable the students to Understand the fundamental concepts and principles of statistical analysis and their application in business decision-making

 

Course Outcomes: 

Course

Learning outcome (at course level)

Learning and teaching strategies

Assessment Strategies

Course Code

Course title

 

 

 

 

 

 

 

 

 

25CATG201

 

 

 

 

 

Business Statistics (Theory)

CO31: Examine the methods

of collecting data, classify

and present in the form of

tables,    Select    and    apply

appropriate     measures     of

central tendency

CO32: Investigate the data

sets to find dispersion and

skewness amongst them CO33: Analyze the data sets to    identify    the    level    of

association and cause and

effect relationship in them

CO34: Construct the index

numbers

CO35: Evaluate a sequence

of data points collected over

an interval of time

CO36: Contribute effectively in course-specific interaction

Approach

in

teaching:

Interactive

Lectures,

Discussion,

Tutorials,

Problem solving

sessions, Presentations Learning

activities

for the

students:

Self-learning

assignments, Case

Study analysis,

Presentations,

Group discussions

Continuous

Assessment

Test, Semester

End

Examinations,

Quiz,    Solving

numerical

problems,

Assignments, Class Presentations,

Individual and

group

projects.

 

12.00
Unit I: 
Statistical Data and Descriptive Statistics:

 

●        Introduction

●        Definition of Statistics, Importance, Limitations and Scope of Statistics,

●        Types and Source of Data,

●        Methods of Data Collection

●        Classification and Tabulation of Data

●        Measures of Central Tendency

●        Mathematical averages including arithmetic mean, geometric mean and harmonic mean.

Positional Averages Mode and Median (and other partition values including quartiles, deciles, and percentiles)

12.00
Unit II: 
Measures of Variation

●        Absolute and relative measures of dispersion

●        Range, quartile deviation, mean deviation, standard deviation, and their coefficients, Properties of standard deviation/variance

●        Skewness Meaning, Measurement using Karl Pearson and Bowley’s measures

12.00
Unit III: 
Simple Correlation and Regression Analysis

 

●        Correlation Analysis

●        Meaning of Correlation: simple, multiple and partial; linear and non-linear, Correlation and Causation,

●        Scatter diagram, Pearson’s co-efficient of correlation; calculation and properties

●        Correlation and Probable error;

●        Rank Correlation

●        Concurrent Deviation

●        Regression Analysis:

●        Principle of least squares and regression lines,

●        Regression equations and estimation;

●        Properties of regression coefficients;

●        Relationship between Correlation and Regression coefficients;

Standard error of the estimate

12.00
Unit IV: 
Index Numbers

 

●        Meaning and uses of index numbers;

●        Construction of index numbers: fixed and chain base: univariate and composite. Aggregative and average of relatives – simple and weighted

●        Tests of adequacy of index numbers, Base shifting, splicing and deflating. Problems in the construction of index numbers

12.00
Unit V: 
Time Series Analysis

●        Components of time series;

●        Additive and multiplicative models;

●        Trend analysis: Fitting of trend line using principle of least squares

●        Moving averages;

●        Seasonal variations: Calculation of Seasonal Indices using Simple averages, Ratio-to- trend, and Ratio-to-moving averages methods

Uses of Seasonal Indices

Essential Readings: 
  • Gupta, Goyal, Sharma ,Biyani, Jain,& Gupta Business Statistics Ajmera Book Co.
  • Das N G, Das J K, Business Mathematics and Statistics Tata McGraw Hill
  • Sancheti & Kapoor Statistics Theory and Practice Sultan Chand and Sons New Delhi

 

References: 
  • Gupta, S.P, & Gupta, A. ,Statistical Methods Sultan Chand& Sons, New Delhi
  • Yadav, Jain, &Mittal ,Business Statistics Malik and Company Jaipur
  • Gupta , S. C Fundamentals of Statistics Himalya Publishing House
  • Norean R.S., Richard D. De Veaux, Paul & F. Velleman ,Business Statistics Pearson Education
  • Levin, Richard, David S. Rubin, Rastogi, and Siddqui Statistics for Management ., Pearson Education
  • Goon, Gupta & Dasgupta Fundamentals of Statistics The world press private ltd

 

Academic Year: 
2025-2026 [2]

Follow Business Studies on:

IIS (Deemed to be University)

Gurukul Marg, SFS, Mansarovar, Jaipur 302020, (Raj.) India Phone:- +91-141-2400160-61, 2397906-07, Fax: 2395494, 2781158

Source URL: https://business.iisuniv.ac.in/courses/subjects/business-statistics-26

Links:
[1] https://business.iisuniv.ac.in/courses/subjects/business-statistics-26
[2] https://business.iisuniv.ac.in/academic-year/2025-2026