correlation and regrating for (1).pptx

correlation

1. MBA 103-18 QUANTITAIVE TECHNIQUES Dr. Rajinder Kaur Bhogal Associate Professor Chandigarh Group of Colleges,Jhanjeri CAMPUS: JHANJERI, MOHALI EMAIL:[email protected] Master of Business Administration MBA-I Semester Topic:-Correlation

2. Objective To be aware about the quantitative techniques in managerial decision-making To acquaint with operations research techniques in managerial decision-making . To apply quantitative techniques to solve business problems Chandigarh Group of colleges,Jhanjeri

3. MBA Batch 2018 onwards MBA 103-18 QUANTITAIVE TECHNIQUES Unit I CO1 :Illustrate the statistical tools . Understanding (Level 2) Introduction to Statistics: Meaning, Definition in singular and plural sense, Features of statistics, Importance, Functions, Scope and Limitations of Statistics. Measures of Central Tendency : Mathematical averages including arithmetic mean, geometric mean and harmonic mean, properties and applications . Positional Averages: Mode and median (and other partition values including quartiles, deciles and percentile. Graphic presentation of measures of central tendency. Measures of Variation : Absolute and relative measures. Range, quartile deviation, mean deviation, standard deviation and their coefficients. Properties of Standard Deviation and Variance. Moments Concept, calculation and Significance. Skewness: Meaning, Measurement using Karl Pearson and Bowley Measures. Concept of Kurtosis.

4. Unit II CO2: Apply the correlation and regression analysis for data computation . Applying ( Level 3) Simple Correlation Analysis : Meaning of Correlation: Simple ,multiple and partial, linear and non linear correlation, correlation and causation ,scatter diagram, Pearson’s correlation coefficient, calculation and properties of coefficient, Rank Correlation. Simple Regression Analysis : Meaning of Regression, Principle of least square and regression analysis, Calculation of regression coefficient, properties of regression coefficient, Relationship between correlation and regression coefficient. CO3: Analyze theory of probability and distribution functions. Analyzing ( level 4) Theory of Probability : Meaning of Probability, Approaches to the calculation of probability. Calculation of event probabilities, Addition and Multiplication Laws of Probability (Proof not required),Conditional Probability and Bayes’ Theorem (Proof not required).

5. Previous topic Correlation -Definition Types of Correlation -Positive and Negative Correlation -linear or non Linear Correlation Simple, Multiple And Partial Correlation Regression -Definition

6. Learning Objectives :- After completing this module the students will be able to :- Correlation Definition Types Degree formula Exercise

7. Unit-2

8. Conclusion Correlation  is a statistical measure that determines the association or co-relationship between two variables. 

9. References/Text books Quantitative Techniques, by CR Kothari, Vikas publication . Fundamentals of Statistics by SC Gupta Publisher Sultan Chand . Quantitative Techniques in management by N.D. Vohra Publisher: Tata McGraw hill. Business statistics T.R JAIN S.C AGGARWAL Global Publication .

10. Websites https://byjus.com/linear-correlation-coefficient-formula / https://byjus.com/correlation-coefficient-formula / https:// statistics.laerd.com/statistical-guides/spearmans-rank-order-correlation-statistical-guide-2.php

11. Topic to be covered in the next lecture Quartile Meaning Formula Problems

12. Office Hour Timing Timing of office hour :-11:00 to 11:40 am If you are facing any problem or doubts than you feel to contact me in between 11 to 11:40am. Day:-Thursday

13. Thank You