# Essentials of Quantitative Techniques

Sahil Malik
Last Update September 7, 2021

The course is designed in such a way that it caters to students from all walks of life to gain requisite knowledge of the statistical tools and techniques. The course introduces to the learners basic to advanced concepts starting from data collection, representation, analysis and interpretation. The learner can expect a through understanding of the various methods of analysing the data helpful in taking business decisions.

#### Learning Objectives

Understanding the role of quantitative techniques in life and business
Ascertain statistical techniques to collect, analyze and forecast data
Application of various statistical techniques of decision making under uncertainty
Relate quantitative techniques to business situations and optimize resources under constraints

#### Target Audience

• Target Audience would be students/academicians/research professionals seeking to undertake course on statistical tools and techniques.

65 Lessons

#### Quantitative Decision Making

To gain understanding of introductory theoretical concepts under quantitative techniques. Learners would be able to discuss how decision making can be improved with the use of statistical tools and techniques.

#### Statistical Methods – 1

This topics tells us about the ways statistical investigation can be conducted. The two primary methods of statistical inquiry is descriptive and inferential analysis

#### Data Classification and Tabulation

This topic enables learner to know various ways to classify the data. It deliberates on techniques for tabulating the data after the collection of raw dataÂ

#### Graphical Representation of Data

This topic will equip the learner to present the data in form of graphs, charts and diagrams. The diagrammatic representation of data helps the user visualise the data and facilitates comparison.Â

#### Frequency Distribution: Discrete and Continuous distribution

This topic will enable the learner to attain knowledge on how to construct frequency distribution tables from the raw data collected.Â

#### Measures of Central Tendency

The topic gives an understanding of various methods to compute central value. Following are the methods discussed in the lesson to compute the average:- Mean Median Mode The averages will be calculated on individual, discrete and continuous series.

#### Measures of Dispersion

The topic will include concepts related to variation of data. The Learner will gain insight on various methods of measuring variation of data: Range Quartile Deviation Mean Deviation Standard Deviation

#### Introduction to Correlation Analysis

The topic builds the theoretical understanding of the learner about the meaning of the correlation and the various types of correlation. The lesson would include primarily three types of correlation Positive and Negative Correlation Single, Multiple and Partial Correlation Linear and Non Linear CorrelationÂ

#### Correlation Analysis: Methods

The topics includes numerical aspect of correlation in which learner would be given hands on knowledge of various methods to compute correlation. The basic methods would comprise of: Scatter Diagram Graphic Method Karl Pearson Coefficient of Correlation Spearsman Rank Correlation Method Concurrent Deviation Method Least Squares MethodÂ

#### Regression Analysis

The topic on Regression Analysis would enable the learner to gain through understanding of various concepts related to regression analysis like deriving regression equations, drawing regression lines, computing regression coefficients and the standard error.Â

#### Time Series

The topic would include a detailed discussion on the concept of time series i.e. how the historical data can be used to estimate values for the future. The lesson focuses on building the learners understanding on the components of Time Series and the methods to determine the trend.Â  Following are the methods covered in the lesson to estimate the time series Freehand method/Graphical method Semi-average method Moving average method Method of Least Squares

#### Introduction to Probability

The topic would inform the learner about certain introductory concepts of probability likeÂ  Basic Terminologies Approaches in Probability

#### Theorems of Probability

The Topic would include practical aspect of probability.Â  There are two important theorems of Probability The Additive Theorem The Multiplicative Theorem Bayes Theorem

#### Introduction to probability Distribution

The Topic includes theoretical concepts on Probability distributionÂ

#### Types of Probability Distribution

The topic gives a detailed description on different types of Probability distribution Binomial Distribution Poisson Distribution Normal Distribution

### Sahil Malik

Assistant Professor

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3 Students
Alumnus of Shriram College of Commerce (SRCC, Delhi University). Doctorate in Management from Delhi Technological University, erstwhile Delhi College of Engineering.
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Free
Level
All Levels
Lectures
65 lectures
Subject
Language
English

#### Material Includes

• The course includes lesson specific ppts, reading material and e-book

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