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Quantitative Techniques
| Course Title | : | Quantitative Techniques |
| Course Duration | : | |
| Course Coordinator | : | Sudipto Ghosh |
| Course Director | : | Sudipto Ghosh |
| Who can Apply | : | |
| Course Fees | : | Rs. 0/- |
| Last date for applying | : | 30/11/-0001 |
| Date of training | : | 0000-00-00 at 5:30 pm |
| Class Platform | : | Google Meet |
| Course Overview | : | Unit 1: Introduction to Statistics: Introduction; Statistics and Statistical Methods; Characteristics of Statistics; Functions of Statistics; Limitations of Statistics; Statistics in Business and Management; Distrust of Statistics.
Unit 2: Collection, Classification, and Presentation of Data: Introduction; Data Collection; Data Classification and Data Gathering; Drafting Questionnaire; Sample Selection; Data Presentation. Unit 3: Measure of Central Tendency: Introduction; Measures of Central Tendency. Unit 4: Measures of Dispersion: Introduction;, Measures of dispersion; Objectives of measuring dispersion; Characteristics of a measure of dispersion; Range, Quartile deviation, Average deviation, Standard deviation, Relation between standard deviation and other measures, Relative measures of dispersion, Lorenz Curve. Unit 5: Simple Correlation and Regression: Introduction; Correlation Analysis; Regression Analysis. Unit 6: Time Series Analysis: Introduction; Meaning of Time Series; Applications of Time Series; Variations in Time Series; Measurement of trend or secular trend; Measurement of seasonal variations. Unit 7: Index Numbers: Introduction; Meaning of index number; Types of index number; Uses of Index Numbers; Methods of constructing Index Numbers; Test For Adequacy of Index Number Formulae; Consumer Price Index Number- Assumptions of cost of living index number; Methods of constructing Consumer Price Index, Limitations of Index Numbers. Unit 8: Sampling Techniques: Introduction to Sampling Techniques; Need for Sampling; Basic Concepts; Efficiency of Sampling Methods; Alternative Sampling Methods Unit 9: Statistical Quality Control: Introduction; Sources of Variations; Statistical Process Control Methods; Control Charts; Acceptance Sampling; Advantages of Statistical Quality Control |
| Course Description | : | Quantitative methods emphasize objective measurements and the statistical, mathematical, or numerical analysis of data collected through polls, questionnaires, and surveys, or by manipulating pre-existing statistical data using computational techniques. Quantitative research focuses on gathering numerical data and generalizing it across groups of people or to explain a particular phenomenon.
The major roles of quantitative technique are as follows: 1. It provides a tool for scientific analysis. 2. It offers solutions for various business problems. 3. It enables proper deployment of resources. 4. It supports in minimising waiting and servicing costs. 5. It helps the management to decide when to buy and what is the procedure of buying. 6. It helps in reducing the total processing time necessary for performing a set of jobs. |