KMBN104 Business Statistics and Analysis Unit-1 Descriptive Statistics Meaning, Function and Limitations of Statistics Measures of Central Tendency: Mean, Median, Mode Quartiles, Skewness, Kurtosis Measures of Dispersion: Range, Inter Quartile range Mean Deviation, Standard Deviation ,Variance and Coefficient of variance Unit-2 Time series and Index Number Time Series Analysis: Concept, Additive and Multiplicative model Components of Time Series Least Square Method: Linear and Non Linear equations Application in business Decision Making Index Numbers: Meaning, Types of Index Number, Uses of Index Number Construction of Prices, Quantity and Volume Indices, Chain Based Method Unit-3 Correlation and Regression Analysis Correlation Analysis: Rank Method & Karl Pearson's Coefficient of Correlation Properties of Correlation Regression Analysis : Fitting of a Regression Line and Interpretation of Result Properties of Regression Coefficients Relationship between Regression and Correlation Unit-4 Probability theory and Regression Probability and Theory of Probability Addition and Multiplication Laws Baye's Theorem Probability Theoretical Distribution: Concept Application of Binomial, Poisson and Normal Distribution Unit-5 Decision Making Environments Decision Making Under Certainty and Uncertainty and Risk Situation Decision Tree Approach and Its Applications Concept of Business Analytics; Meaning and Type Application of Business Analytics
