Course / Course Details
By - Ms Kavitha B
Class room.
Introduction
The
Diploma in Statistics for Business and Economics is a multidisciplinary
programme designed to equip learners with the statistical and analytical
competencies required to interpret data, support evidence-based
decision-making, and solve complex problems in business, economics, commerce,
and allied scientific disciplines. The programme integrates fundamental
statistical concepts with modern quantitative techniques, enabling students to
collect, analyze, visualize, and interpret data for applications in market
research, financial analysis, business forecasting, policy formulation, and
scientific inquiry. By emphasizing analytical reasoning, data literacy, and
practical problem-solving, the programme prepares graduates for emerging
opportunities in the data-driven economy while providing a strong foundation
for higher studies and professional careers in business analytics, economics,
management, finance, and applied research.
Course Outcome (CO’s)
CO 1: Explain the fundamental concepts of
statistics, methods of data collection, sampling techniques, and data
presentation used in economic and Business analysis.
CO 2: Apply appropriate statistical
measures of central tendency and dispersion to summarize and interpret economic and Business data.
CO 3: Analyze the relationship between
economic and Business variables using correlation and regression techniques for economic
interpretation and forecasting.
CO 4: Evaluate index numbers and time
series methods for measuring economic changes, trends, and business
fluctuations.
CO 5: Apply probability concepts and
basic hypothesis testing to solve problems involving uncertainty in economics
and business.
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