1. Course Description
The emphasis of the course is to apply the python program or any other software to draw inferences from the data so that appropriate decisions can be recommended. This course consists of topics like Correlation, Regression, Time Series Analysis and Forecasting, Linear programming and Network Analysis. After studying these topics, students will be able to understand and analyze relationships between the variables. Linear Programming and Network Analysis will help them to choose the best alternative in order to maximize total profit and minimize total cost in different situations.
2. General Objectives
The general objectives of this course are:
- To enable the students in calculating and interpretation of the relationship between and among variables using simple correlation and regression analysis.
- To disseminate students with models for time series and forecasting.
- To provide students with a sound understanding of index numbers.
- To equip the students in generating and interpreting statistical finding using the softwares, such as Python,R, Excel or any others
- To introduce and formulate linear programming.
- To acquaint the students with the concepts of transpiration and assignment problems.
- To familiarize the students with network models.
3. Contents in Detail
| Specific Objectives | Contents |
|---|---|
| Unit I: Introduction to Data Analysis & Modeling (3hrs)
|
| Unit II: Correlation and Regression (9 Hours)
|
| Unit III: Time Series Analysis and Forecasting (9 Hours)
|
| Unit IV: Index Number (4 hours)
|
| Unit V: Linear Programming Problem (9 Hours)
|
| Unit VI: Network Model (4 Hours)
|
| Unit VII: Software tools and Data for Visualization (10 hrs) Iris dataset, Titanic Dataset, California Housing Dataset, Mushroom Datasets, EDA and practical’s. With Python tools such as scikit-learn, seaborn/matplotlib. |
Note: The figures in the parentheses indicate the approximate teaching hours for the respective units.
4. Methods of Instruction
The course will be taught by lecture method, group discussion, class work, assignments, project work, case studies. Students will require to utilize computer for computational works.
5. Evaluation System and Students’ Responsibilities
Evaluation System
The performance of a student in a course is evaluated on the basis of internal evaluation and semester-end examination. 50% weight is given to the internal evaluation and 50% weight to the Semester-end examination conducted by the Office of the Controller of Examinations, Pokhara University.
Internal Evaluation
The internal evaluation is based on continuous evaluation process. The internal evaluation components and their respective weights may vary according to the nature and objectives of the course. An evaluation plan should be prepared by the faculty and should share with the students in the beginning of the course.
The internal evaluation components may consist of any combination of written test, quizzes and oral test, workshop, assignments, term paper, project work, case study analysis and discussion, open book test, class participation and any other test deemed to be suitable by the faculty.
Semester End Examination
There will be semester end examination at the end of the semester conducted by the Office of the Controller of Examinations, Pokhara University. It carries 50 % weight of total evaluation.
Students’ Responsibilities
Each student must secure at least 45% marks in the internal evaluation with 80% attendance in the class to appear in the Semester End Examination. Failing to obtain such score will be given NOT QUALIFIED (NQ) and the student will not be eligible to appear in the Semester End Examination. Students are advised to attend all the classes and complete all the assignments within the specified time period. If a student does not attend the class(es), it is his/her sole responsibility to cover the topic(s) taught during the period. If a student fails to attend a formal exam, quiz, test, etc. and there is not any provision for a re-exam.
6. Prescribed Books and References
Text Books
- Levine, D. M., Krehbiel, T. C., Berenson, M. L., & Viswanathan, P. K. Business Statistics: A First Course. New Delhi: Pearson Education.
- Eppen, G. D., Gould, F. J., Schmidt, C. P., Schmidt, C., & Schwartz, R. Introductory Management Science. New Jersey: Prentice Hall.
References
- Levin, R. I. and Rubin, D. S., Statistics for Management. New Delhi: Prentice Hall
- Siegel, A. F. Practical Business Statistics. New York: Andrew F, Irwin.
- Anderson, D. R., Sweeney, D.J. and Williams, T. A. Statistics for Business and Economics. New Delhi: Thomson.
- Taha,H. M. Operations Research. Collier Macmillan.
- Vohra, N. D. Quantitative Techniques in Management. New Delhi: Tata McGraw Hill Education
- Levin, R. I., Rubin, D.S. & Stinson, J. P. Quantitative Approaches to Management. New Delhi : McGraw-Hill.