KMBN104 BUSINESS STATISTICS & ANALYTICS UNIT-1 Descriptive Statistics Meaning, Scope, types, functions and limitations of statistics Measures of Central tendency – Mean, Median, Mode Quartiles, Measures of Dispersion – Range, Inter quartile range Mean deviation, Standard deviation, Variance Coefficient of Variation, Skewness and Kurtosis. UNIT-2 Time Series & Index Number Time series analysis: Concept Additive and Multiplicative models, Components of time series Trend analysis: Least Square method - Linear and Non- Linear equations Applications in business decision-making. Index Numbers:- Meaning , Types of index numbers uses of index numbers, Construction of Price, Quantity and Volume indices:- Fixed base and Chain base methods. UNIT-3 Correlation Analysis: Rank Method Karl Pearson's Coefficient of Correlation and Properties of Correlation. Regression Analysis: Fitting of a Regression Line and Interpretation of Results Properties of Regression Coefficients Relationship between Regression and Correlation UNIT-4 Probability: Theory of Probability Addition and Multiplication Law, Baye’s Theory Probability Theoretical Distributions: Concept and application of Binomial Poisson and Normal distributions UNIT-5 Hypothesis Testing: Null and Alternative Hypotheses Type I and Type II errors; Testing of Hypothesis Large Sample Tests, Small Sample test, (t, F, Z Test and Chi Square Test) Concept of Business Analytics- Meaning types and application of Business Analytics Use of Spread Sheet to anlayze data-Descriptive analytics and Predictive analytics.
