The course is suitable for student of MBA/BBA Quantitative Techniques regular and distance education, M.Com/B.Com Business Statistics, M.Sc./B.Sc. Statistics, MA/BA Economics Statistics. Quality Management Statistical Quality Control.

Correlation Analysis: Introduction, definition, utility, types, properties, and degree of correlation, correlation and causation. Measures of coefficient of correlation; Scatter diagram, Karl Pearson’s methods (Deviation method, Product moment method, Variance-Covariance method), Probable error and Karl Pearson’s method of coefficient of correlation. Spearman’s Rank correlation method ( when ranks are given, when ranks are not given, equal or tied ranks), coefficient of determination.

Regression Analysis: Meaning, definition, utility of regression. Comparison between correlation and regression. Two lines of regression; Regression equation of line Y on X, Regression equation of line X on Y, Properties of regression lines. Relationship between correlation and regression coefficient.

Time Series Analysis: Meaning, definition and utility of time series. Component of time series (Trend, Seasonal variations, Cyclical variations,...