Business Statistics

BUSINESS STATISTICS

► Business Statistics - Meaning, Characteristics, Functions and Limitations

► Diagrams and Graphs - Types, Difference, Uses and General Rules of Diagrams and Graphs

► Measure of Central Tendency - Mean, Median and Mode

► Average (Central Tendency) and Properties of Good Average

► Arithmetic Mean, Properties of Arithmetic Mean and Merits & Demerits of Arithmetic Mean

► Geometric Mean - Meaning, Merits, Demerits and Uses

► Harmonic Mean (H.M), its Merits, Demerits and Uses

► Mode - Meaning, Merits and Demerits

► Measure of Dispersion - Meaning, Purpose, Types and Difference between Absolute & Relative Measures

► Range - Meaning, Merits and Demerits

► Quartile Deviation (Q.D) - Meaning, Merits and Demerits

► Mean Deviation (M.D) - Meaning, Merits and Demerits
► Standard Deviation and Coefficient of Variation
► Regression Analysis
►  Correlation Analysis - Meaning, Kinds, Uses, Limitations and Degrees of Correlation
► Methods of Correlation
► Regression Lines
► Index Number - Meaning, Features, Advantages, Limitations and Problems in the Construction of Index Number
► Cost of Living Index Number (CLI)
► Time Series Analysis - Meaning, Utilities, Components and Model of Time Series Analysis