Applied & Business Statistics

Applied & Business Statistics Book For

• B.Com Semester VI of Lucknow University, National PG College Lucknow 
• M.Com. Semester III of Jiwaji University

Statistics is a multi-dimensional multi-use subject. In addition to general principles and study of statistics, there is a specialized branch ‘‘Applied Statistics’’ which is related to the collection and analysis of applied statistical data. In fact, it is a distinct and specific study area

Salient Features of the book:

• It is strictly as per the latest syllabus for B.Com VI Semester and each and every aspect of the new syllabus has been thoroughly covered.
• The most important unique salient feature of the book is in the chapter Statistical System in India, restructure of Indian Statistical System
  vide Government of India order dated 23rd May 2019 has been included and the whole book has been updated on the basis of the latest Annual Report of the Ministry of Statistics and Programme Implementation, Government of India for 2020-21.
• The latest data have been incorporated in the book on the basis of the Economic Survey 2021-22 (presented in the Lok Sabha on 31/3/2022) and Pocket Book of Agricultural Statistics, 2019.
• In the chapter National Income Statistics ‘‘Effects of Covid-19 virus on Indian Economy (GDP)’’ has been included.
• In the selection of illustrations and questions priority has been given to Lucknow University examination papers of the years from 1998 to 2019 (22 years) so that students may make practice according to that standard.
• Chapters on Analysis of Time Series and Index Numbers have been thoroughly revised and enlarged.
• The subject matter has been arranged in a simple, scientific, and systematic manner through various heading and sub-headings so as to give a flow in studying the subject.
• Each and every aspect of the syllabus has been covered and in this context inclusion of subjects like Pareto Curve and Population Projection is worth mentioning.
• The language and style of presentation are so simple that even a general student may also understand statistical formulae, their explanation, notation, and applications conveniently.
• It covers theoretical concepts as well as the practical application of various statistical measurements. The numerical illustrations have been carefully graded with supporting theoretical background. At many places, explanatory notes have also been given to clarify the process of solution.
• Numerical illustrations and questions have been arranged in a systematic and scientific sequence from simple to complex.
• Mathematical complexity has been avoided as far as possible. Wherever desirable, the notations and terminology have been explained in detail.
• Step-wise detailed answers have been given at the end of each question and in case of complicated questions, necessary hints have also been given at the end of each chapter.
• A large number of short-answer questions have been added at the end of various chapters.

Applied & Business Statistics Syllabus

Unit-I: Statistical System in India: Indian Statistical Machinery–Organisation at Central and State level, National Sample Survey Organisation–Organisation, Functions, Design, and Technique. National Income Statistics: Methods of measuring National Income and related aggregates.

Unit-II: Population Statistics: Nature, Importance, and Methods of Population Census. Population Census in India. Vital Statistics–Computation of Birth, Death, Fertility and Reproduction rates.

Unit-III: Analysis of Time Series: Meaning, Importance, and Purposes, Components of Time Series Analysis. LongTerm Trend and Seasonal Variation Measurement–Different methods. Statistical Quality Control: Concept, Utility, and Techniques. Construction of control charts for Variables and Attributes.

Unit-IV: Index Number and Their Uses: Definition, Importance, and Limitations. Price, Quantity, and value index numbers, Methods of constructing index numbers, Tests of reversibility, WPI and CPI, Deflating Index Number. Business Forecasting: Concept and Methods.

Applied & Business Statistics Book Contents

1. Statistical System in India (Statistical Organisation at the Centre and State Level)
2. National Sample Survey Office/Organization (N.S.S.O)
3. National Income Statistics: Methods of Measuring National Income
4. National Income and Related Aggregates
5. Population Statistics
6. Vital Statistics: Computation of Birth, Death, Fertility, and Reproduction Rates
7. Analysis of Time Series
8. Statistical Quality Control
9. Index Numbers and their Uses
10. Business Forecasting