Problems in Construction and Limitations of Index Numbers
by Index numbers are statistical measures used to track changes in a variable or group of variables over time. They provide a simplified representation of data, …
Tag: Correlation Coefficients
Family Budget Method, Features, Advantages, Disadvantages
Family Budget Method is a technique used to compute a cost of living index by analyzing the typical spending patterns of households. This method is …
Passche’s and Fisher’s Index numbers
Paasche’s Index is another method used to calculate price and quantity index numbers, named after the German economist Hermann Paasche. Unlike the Laspeyres’ Index, which …
Laspeyre’s Index numbers
Laspeyres’ Index measures the relative change in a certain variable (such as prices, quantities, or values) from the base period to the current period, using …
Spurious Correlation, Features
Spurious correlation refers to a statistical relationship between two variables that appears significant but lacks a causal connection. This misleading relationship arises due to coincidence, …
BBA205 Basics of Statistics 2nd Semester AKTU BBA Notes
BBA205 Basics of Statistics 2nd Semester AKTU BBA Notes
Time Series Analysis, Concept, Additive and Multiplicative Models
Time Series analysis is a statistical technique used to analyze data points collected or recorded at specific time intervals. It focuses on identifying patterns, trends, …
Variance, Coefficient of Variance
Variation refers to the degree of change or difference in data points within a dataset. It measures how values differ from each other or the …
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