INTEGRATED PROGRAMME IN MANAGEMENT (IPM)

AY2022-23 BATCH: 2022-27 TERM: I

TITLE OF THE COURSE: STATISTICAL METHODS-I CREDITS: 6

Faculty Block/
Name of the Faculty Email Telephone Number
Room No.
Arnab Koley J-225 [email protected] 91-731-2439-492

CONSULTATION TIME FOR STUDENTS:

Name of the Faculty Timing
Arnab Koley 1 hour after each class

COURSE DESCRIPTION

This course will create a strong foundation in the area of Statistics. We discuss the procedures
for collecting and efficiently summarizing various types of data. Basic statistical concepts will
be introduced such as the descriptive Statistics which will include graphical representation
and numerical ways of summarizing data. Though most of the focus will be on univariate
statistics, we will also briefly discuss bivariate and higher dimensional data. A brief exposure
to simple statistical modelling is also covered in this course. Additionally, a brief introduction
and uses of the statistical software R is covered in basic data handling.

COURSE OBJECTIVES

1) Increase data awareness in everyday life

2) Generate motivation for data visualization
3) Learn about how to summarize a dataset

Learning Outcomes
Expected Learning Outcomes and Associated Measures

At the end of the course student is expected to accomplish the following learning outcomes
(CLO). Alignment of CLO with the Programme Level Goals & Objectives and Assessment of the
learning outcomes of the course is presented below.
 Programme Level Goals &
Course Learning Outcome Assessment Tools
Outcomes
Will be able to acquire analytical rigor Goal 2: Demonstrates knowledge of Already mapped
through numerous theoretical and basic foundations of Management
practical exercise on the analysis of Studies
univariate, bivariate data and simple,
multiple linear regression modeling. 2.1 Acquires analytical rigour
through Mathematics and Statistics

PEDAGOGY/TEACHING METHOD:

Mix of lectures, tutorials, discussions and class exercises.

TEXT BOOK FOR THE COURSE

1. David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J.

Cochran, (SBE) “Statistics for Business and Economics”, 12th edition, (2014), Cengage
Learning.

EVALUATION

Individual Component Group Component Weightage

A. Mid-term examination 30
B. Quizzes (2) 20
C. End-term examination 50
Total 100%

ACADEMIC DISHONESTY

IIM Indore believes in Academic honesty.

Academic dishonesty or misconduct is cheating that relates to an academic activity. It is a
violation of trust between the Institute and its stakeholders. Plagiarism, fabrication,
deception, cheating and sabotage are examples of unacceptable academic conduct. Please
consult the Programme manual for the section on academic dishonesty.

SCHEDULE OF SESSIONS

Module I : Nature and sources of data and methods of data collection

Module Objective: Discuss the nature and sources of data, numerical measures of
descriptive data analysis, tools to handle data and principles of data visualization and
analysis.
Session 1 and 2 Sources, nature, and methods of data collection
Sources of data, nature of data- qualitative, quantitative, continuous,
Objective:
discrete, cross-sectional and time series, techniques of data collection
Reading: Chapters 1, 2, SBE; class notes

Case: None
Session 3 Central tendency - mean, median, mode and percentile

Objective: To discuss the concepts of central tendency of data

Reading: Chapter 3, SBE; class notes

Case: None
Session 4 Measures of variability / location-scale shifts / outliers in data
To discuss the concepts of measures of variability, dispersion, location-scale
Objective:
shifts and outliers in data
Reading:
Chapter 3, SBE; class notes

Case: None
Session 5 Introduction to R
To introduce the statistical programming language R, its basics and usage in
Objective:
statistical science.
Reading: Class notes

Case: None
Session 6 & 7 Data handling, cleaning and tabulation using R
To introduce how to extract and organize datasets in R from text and csv
Objective:
files.
Reading: Class notes

Case: None
Session 8 & 9 Principles of data visualization

Objective: To discuss the principles of data visualization and analytical graphing using R

Reading: Class notes

Case: None
Session 10 Class assignment on Module I

Objective: Discussion of assignment.

Reading: Prepared by course instructor

Case: None

Module II Data graphing and plotting

Module Objective: To understand extensively the methods of descriptive statistics through

graphs, charts.

Univariate quantitative data analysis- stem and leaf, dot plot, box plot,
Session 11 & 12
histograms and line graphs

Objective: To discuss different graphical representation of univariate data using R

Reading: Chapter 2, SBE

Case: None
Session 13 Categorical data analysis- bar plot and pie chart

Objective: To discuss different graphical representation of categorical data using R

Reading: Chapter 2, SBE; class notes

Case: None
Session 14 & 15 Bivariate quantitative data analysis- scatter plot, correlation
To discuss how to draw and interpret scatter plot of analysing bivariate
Objective: data. Concept of correlation is introduced with properties of it in bivariate
data.
Reading: Class notes

Case: None
Multivariate data analysis- multiple box plot, multiple histogram, multiple
Session 16
scatterplots

Objective: To discuss different graphical representation of multivariate data using R

Reading: Class notes

Case: None
Session 17 Class assignment on Module II
Objective: Discussion of assignment.

Prepared by course instructor

Reading:
Case: None

Module III Linear regression and time series

Module Objective: To introduce the basics of linear regression and time series data

Session 18-19 Least square method of model fitting for simple linear regression
To learn the most basic method of parameter estimation of simple linear
Objective: regression.

Reading:
Chapter 14, SBE; class notes

Case: None
Session 20-21 Some important results relating to simple linear regression line
To learn the most basic yet very useful results relating to simple linear
Objective:
regression line.

Reading: Chapter 14, SBE; class notes

Case: None
Session 22 & 23 Least square method of model fitting for multiple linear regression
To learn the most basic method of parameter estimation of multiple linear
Objective: regression.

Reading: Chapter 15, SBE; class notes

Case: None
Session 24 & 25 Some basic results relating to multiple linear regression line

To learn some basic and useful results relating to multiple linear regression
Objective:
line.
Reading: Chapter 15, SBE; class notes

Case: None
Session 26 & 27 Variable selection method in multiple linear regression model
To understand how to select a subset of variables in multiple linear
Objective:
regression model

Chapter 16, SBE; class notes

Reading:

Case: None
Session 28 & 29 Introduction to time series
A gentle introduction to time series data and discussion of trend and
Objective:
seasonality.

Chapter 17, SBE; class notes

Reading:

Case: None
Session 30 Class assignment-3 on Module III

Objective: Discussion of assignment.

Reading: Prepared by course instructor

Case: None

Please indicate the changes made in the course outline based on the measurement of
assurance of learning (closing the loop)/student feedback: None.

Please give the details of the book if students need to buy the book
Author Title Publisher Edition Remarks, if any
Anderson, David R., Statistics for Cengage 12th
Sweeney, Dennis J., Business and Learning
Williams, Thomas A., Economics
Camm, Jeffrey D.,
Cochran, James J.

Additional Readings
The following books are recommended for supplementary reading:
1. Gun, Gupta, Dasgupta (2012) “Fundamentals of Statistics- Volume One” , 8 th
edition, reprinted, The World Press Private Limited.
2. Devore, Jay L., (2010) “Probability and Statistics for Engineering and the Sciences”,
8th Edition, Brooks/Cole.
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