Course Objectives:
- Understand the different basic concept / fundamentals of business statistics.
- Understand the importance of measures of Descriptive statistics which includes measures of central tendency, Measures of Dispersion, Time Series Analysis, Index Number, Correlation and Regression analysis and their implication on Business performance.
- Understand the concept of Probability and its usage in various business applications.
- Understand the Hypothesis Testing concepts and use inferential statistics- t, F, Z Test and Chi Square Test
- Understand the practical application of Descriptive and Inferential Statistics concepts and their uses for Business Analytics.