Reference No: BP0358TECPages: 14Published on: 15, July, 2013
Abstract: Problems of poor quality are not uncommon. This may happen in a business to business or consumer contract. The law is very clear – whatever has been promised must be delivered. To speed up things, consumer courts have been established to resolve disputes. In case of non-consumers, the issues have to ... More
Reference No: BP0364TECPages: 9Published on: 5, October, 2013
Abstract: A contract is entered into by the parties to ensure certainty, but it does not ensure certainty due to several reasons. Act of God and anything beyond the control of the parties is covered by the ‘force majeure’ clause and is recognised by law of contracts. There may be uncertainty ... More
Reference No: BP0365TECPages: 14Published on: 10, October, 2013
Abstract: Banking in India involves difficult decisions regarding being conservative and risk averse, or liberal with much greater propensity to take risks. It boils down to how the bankers, individuals, make decisions which impact and are impacted by the external business environment and also by closely held and practised ethical values. ... More
Reference No: QM0259TECPages: 13Published on: 12, November, 2013
Abstract: This note contains material to be used to teach the basics of discrete distributions. Topics covered include definitions of various basic concepts, description of various common discrete distributions, their usage and common properties. A number of examples are provided to illustrate the concepts. ... More
Reference No: QM0260TECPages: 8Published on: 12, November, 2013
Abstract: This note contains material to be used to teach the basics of continuous distributions. Topics covered include definitions of various basic concepts, description of various common continuous distributions, their usage and common properties. A number of examples are provided to illustrate the concepts. ... More
Reference No: QM0258TECPages: 9Published on: 12, November, 2013
Abstract: This note contains material to be used to teach the basic concepts of sampling. Topics covered include definitions of various basic concepts, description of basic sampling schemes, allocation schemes and a discussion on biases in sampling. A number of examples are provided to illustrate the concepts. ... More
Reference No: QM0261TECPages: 7Published on: 19, November, 2013
Abstract: This note contains material to be used to teach the basic concepts of sampling distributions. Topics covered include the formulas to compute the expectation, variance and large sample distribution of sample mean for various sampling schemes. A number of examples are provided to illustrate the concepts. ... More
Reference No: QM0262TECPages: 17Published on: 20, December, 2013
Abstract: This note contains material to be used to teach the basic concepts of point and interval estimation. Topics covered include the basic ideas of point estimation, unbiasedness and consistency. Also discussed are the method of moment estimators, ideas regarding standard error estimation and computation of confidence intervals. Methods to determine ... More
Reference No: QM0263TECPages: 4Published on: 20, January, 2014
Abstract: This technical note introduces the concept of Statistics and motivates its importance as an applied field of study. It elaborates on the various stages of a statistical study and explains some of the key notations and terminologies used in the subject.
... More
Reference No: QM0264TECPages: 8Published on: 20, January, 2014
Abstract: This technical note introduces the concept of sampling in the context of statistical studies. Some common sampling mechanisms are discussed along with the associated concepts. Different types of sample surveys and the associated biases are discussed. Finally, some of the major types of observational studies are explained along with relevant ... More
Reference No: QM0265TECPages: 5Published on: 23, January, 2014
Abstract: Goodness of fit tests is a statistical technique used to ascertain whether a given sample originates from a particular distribution (or population). There are different kinds of goodness of fit tests based on the context of study and the population of interest. This technical note discusses two of the most ... More
Reference No: QM0266TECPages: 8Published on: 25, January, 2014
Abstract: Categorical data analysis constitute a major branch of Statistics and deals with analyzing, quantifying and interpreting dependence patterns between categorical variables i.e. variables whose observations belong to any one of a set of categories. In this module, we will go over some of the common techniques of evaluating the ... More
Reference No: QM0270TECPages: 9Published on: 26, February, 2014
Abstract: Sampling distribution is a very important technique that helps us to quantify the “precision” of a statistical inferential procedure by analyzing the distribution (hence variability) of sample summaries about the corresponding population parameter. In this module, we will discuss the sampling distribution of the sample mean and proportion in detail. ... More
Reference No: QM0271TECPages: 7Published on: 28, February, 2014
Abstract: In this module, we will discuss one of the most important techniques of statistical inference, that is, the process of constructing an interval that is believed to contain the true parameter value with a certain degree of confidence. These kind of intervals are ubiquitous in the statistical literature and forms ... More
