FIRST SEMESTER:

PGPM + MBA (Bangalore University)

Course Name: QUANTITATIVE TECHNIQUES FOR MANAGERS

Professor: V. R Rajendra Kumar

Contact Email: rajendra@nsbindia.org

Teaching Methods: Lectures, videos, articles and class room discussions.

Participants should read and study all assigned readingmaterial before class.

Assessment: Attendance: 10%

First Test: 30%
Projects/ Assignments: 30%
Final Exam: 30%

AssessmentRationale: Assessment is used as a tool to promote effective learning. The

tasks within the module assessment strategy are designed to test
intellectual processes and performance of understanding. The
focus on the practical application of knowledge is directly
linked to the assessment components.

MODULE AIMS

The principal aim of this course is to develop a mindset and enhance knowledge of the
students in the arena of Statistics and to develop statistical literacy skills in students in order
to comprehend and practice statistical ideas at many different levels.

LEARNING OUTCOMES

By the end of the Module, participants should be able to:

 To familiarize the student with basic concepts of statistics and their application in real
world scenarios
 At the end of this course, students will achieve statistical literacy and will be able
to find ways to move beyond the-what of statistics to the how and why of
statistics

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 MODULE CONTENT

Module 1:Role of Statistics

Applications of statistics in managerial decision-making; Phases of a

statistical study, Presentation of data to convey meaning - Tables, Graphs and
Frequency Distribution; Measures of central tendency: Mean, Median and Mode and their
implications,Measures of Dispersion: Range, Mean deviation, Standard deviation, Coefficient
of Variation, Skewness, Kurtosis.

Module 2:Time Series Analysis

Concept, Additive and Multiplicative models, components of time series. Trend analysis:
Least Square method, Linear and Non- Linear equations,
Exponential shooting method, Applications in business decision-making.Index Numbers:
Meaning, Types of index numbers, Uses of index numbers,
Construction of Price, Quantity and Volume indices, Fixed base and Chain base
methods
Correlation: Meaning and types of correlation, Karl Pearson and Spearman rank
correlation
Regression: Meaning, Regression equations and their application

Module 3:Probability
Concept of probability and its uses in business decision-making; Addition
and multiplication theorems; Bayes’Theorem and its applications.
Probability Theoretical Distributions: Concept and application of Binomial; Poisson and
Normal distributions

Module 4: Introduction to Sampling Distributions

Sampling distribution of Mean and Proportion, Sampling techniques. Estimation: Point and
Interval estimates for population parameters of large sample and
small samples, Determining the sample size

Module 5: Estimation Theory and Hypothesis Testing

Sampling theory; Formulation of Hypotheses; Application of Z-test, t-test, F-test and Chi-
Square test Techniques of association of Attributes & Testing
ANOVA one and two way, Design of experiments

Module 6: Chi-Square Test

Chi-square test for single sample standard deviation, Chi-square tests for independence
of attributes and goodness of fit, Sign test for paired data, Rank sum test
Kolmogorov-Smirnov, Test for goodness of fit, comparing two populations
Mann – Whitney U test and Kruskal Wallis test, One sample run test, rank correlation
Decision Theory – Decision under certainty, Decision making under risk (EMV criteria)
and Decision making under uncertainty.

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WEB-BASED COURSE RESOURCES

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 LECTURE SCHEDULE

Session* Topic Core Reading Additional

Reading

1 Introduction to Statistics,
Applications of statistics
in managerial decision-
making; Phases of a Chapter-I
statistical study,
Presentation of data to
convey meaning

2 Tables, Graphs and

Frequency Distribution Chapter-I

3 Measures of central
tendency: Mean Chapter-I
(Introduction)

4 Measures of central
tendency: Mean(Problems
pertaining to Individual Chapter-I
Series)

5 Measures of central
tendency: Mean(Problems Chapter-I
pertaining to Discrete and
Continuous Series)

6 Measures of central
tendency: Median
(Problems pertaining to Chapter-I
Individual Series)

7 Measures of central
tendency:
Median(Problems Chapter-I
pertaining to Discrete and
Continuous Series)

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Session* Topic Core Reading Additional
Reading

8 Measures of central
tendency: Mode(Problems
pertaining to Individual Chapter-I
Series)

9 Measures of Dispersion:
Range, Mean
deviation(Problems
pertaining to Individual Chapter-I
Series)

10 Standard deviation, Collecting data

Coefficient of pertaining to top
Variation(Problems Chapter-I 10 stocks of BSE
pertaining to Individual 100 and calculate
Series) std deviation

11 Standard
deviation(Problems
pertaining to Discrete and Chapter-I
Continuous Series)

12 Coefficient of
Variation, Skewness,
Kurtosis Chapter-I

13 Time series analysis:

Concept, Additive and
Multiplicative models, Chapter-II
Components of time
series

14 Time series analysis:

Concept, Additive and
Multiplicative models, Chapter-II
Components of time
series

15 Time series analysis:

Concept, Additive and Chapter-II
Multiplicative models,

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Session* Topic Core Reading Additional
Reading

Components of time
series

16 Trend analysis: Least

Square method, Linear
and Non- Linear Chapter-II
equations,
Exponential shooting
method

17 Trend analysis: Least

Square method, Linear
and Non- Linear
equations, Chapter-II
Exponential shooting
method

18 Trend analysis: Least

Square method, Linear
and Non- Linear
equations, Chapter-II
Exponential shooting
method

19 Trend analysis: Least Analysing trends

Square method, Linear in selected
and Non- Linear Pharma,FMCG
equations, Chapter-II companies
Exponential shooting
method

20 Types of index numbers, Calculating Price

Uses of index numbers, Index No for
Construction of Price, Chapter-II selected essential
Quantity and Volume commodities on a
indices two different time
scales

21 Types of index numbers,

Uses of index numbers,
Construction of Price,
Quantity and Volume Chapter-II
indices

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Session* Topic Core Reading Additional
Reading

22 Types of index numbers, Studying

Uses of index numbers, importance of
Construction of Price, Chapter-II Index Numbers for
Quantity and Volume analyzing Inflation
indices and Deflation etc

23 Fixed base and Chain

base
methods Chapter-II

24 Fixed base and Chain

base Chapter-II
methods

25 Karl Pearson and Calculating

Spearman rank Chapter-II correlation
correlation between sales and
profits of a
selected company
for a period of 10
yrs

26 Karl Pearson and

Spearman rank Chapter-II
correlation

27 Karl Pearson and

Spearman rank
correlation Chapter-II

28 Karl Pearson and

Spearman rank Chapter-II
correlation

29 Regression equations and

their application Chapter-II

30 Regression equations and

their application Chapter-II

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Session* Topic Core Reading Additional
Reading

31 Regression equations and

their application Chapter-II

32 Basic Concepts of Set

Theory and Probability,
Addition Chapter-III
and multiplication
theorems; Bayes’Theorem
and its applications.

33 Addition
and multiplication
theorems; Bayes’Theorem Chapter-III
and its applications.

34 Addition
and multiplication
theorems; Bayes’Theorem Chapter-III
and its applications.

35 Concept and application

of Binomial; Poisson and
Normal distributions Chapter-III

36 Concept and application

of Binomial; Poisson and Chapter-III
Normal distributions

37 Concept and application

of Binomial; Poisson and Chapter-III
Normal distributions

38 Concept and application

of Binomial; Poisson and Chapter-III
Normal distributions

39 Concept and application

of Binomial; Poisson and Chapter-III
Normal distributions

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Session* Topic Core Reading Additional
Reading

40 Sampling distribution of Studying

mean and proportion, importance of
Sampling techniques Chapter-IV Hypothesis
Testing and its
practical
applications

41 Sampling distribution of
mean and proportion, Chapter-IV
Sampling techniques

42 parameters of large
sample and Chapter-IV
small samples

43 Application of Z-test, t-
test, F-test and Chi- Chapter-V
Square test

44 Application of Z-test, t-
test, F-test and Chi- Chapter-V
Square test

45 Application of Z-test, t-
test, F-test and Chi- Chapter-V
Square test

46 Kolmogorov-Smirnov,
Test for goodness of fit, Chapter-V
comparing two
populations

47 Kolmogorov-Smirnov,
Test for goodness of fit,
comparing two
populations, Chapter-V
Mann – Whitney U test
and Kruskal Wallis test,
One sample run test, rank
correlation

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Session* Topic Core Reading Additional
Reading

48 Mann – Whitney U test

and Kruskal Wallis test, Chapter-V
One sample run test, rank
correlation

49 Decision under certainty, Studying

Decision making under importance of
risk (EMV criteria) Chapter-V Decision Theory
and Decision making and its application
under uncertainty for industry

50 Decision under certainty,

Decision making under
risk (EMV criteria) Chapter-V
and Decision making
under uncertainty

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