- This course provides a foundational toolkit in statistics, starting with data collection, classification, and presentation.
- It covers essential descriptive statistics like Measures of Central Tendency (Mean, Median, Mode) to find a typical value and Measures of Dispersion (Range, Standard Deviation) to understand data spread and skewness.
- The curriculum then progresses to analyze relationships between variables using Correlation Analysis, notably Spearman’s Rank Correlation.
- It further explores Regression Analysis for prediction and forecasting. Finally, the course delves into Index Numbers, teaching their construction and use for tracking economic changes over time, such as inflation.
- Overall, it equips students with the skills to collect, analyze, interpret, and present data for informed decision-making.
