Course Plan Format_BSADM(MBA).pdf

2021
Course Name: Business Statistics and Analysis for Decision Making
Institute: Indus Institute of Management Studies (IIMS)
Faculty: Dr. Tejal Shah
Credit Points: 3 Credits
Course Objectives:
- Understand importance of statistical analysis in solving business problems
- Apply statistical techniques to solve problems
- Interpret and communicate results of statistical business studies
Course Outcomes:
1. Understand measures of central tendency and variation
2. Understand probability, random variables, and applications of probability models
3. Understand correlation and regression analysis
4. Understand sampling methods
5. Apply inferential statistical methods
6. Perform time series analysis for forecasting
Course Outline:
UNIT-I: Introduction to Statistics
UNIT-II: Measures of Variation, Correlation Analysis
UNIT-III: Regression Analysis
UNIT-IV: Time Series Analysis
UNIT-V: Basic Concepts in Probability
Method of Delivery: Lectures, PPT, case studies, experiential exercises
Study Time: 3 hours per week
Assessment:
- ASSIGNMENT-1: Theory questions from unit 1
- ASSIGNMENT-2: Sums from unit 2
- ASSIGNMENT-3: Problem-solving
- ASSIGNMENT-4: Practical Problems
Lecture/Tutorial Times: Monday, Wednesday, Friday, 11:00-12:00 pm
Attendance Requirements: Minimum attendance requirement as per university norms is compulsory
Reference Textbooks:
1. A Test Book of Business Statistics by Dr. Padmalochan Hazarika
2. Fundamental of Statistics by S.C. Gupta
3. Gupta and Gupta, Business Statistics