BCOM105 Business Mathematics GGSIPU NEP 2025-26 1st Semester Notes
by BCOM105 Business Mathematics GGSIPU NEP 2025-26 1st Semester Notes
Tag: Probability Theory
Problems in Construction and Limitations of Index Numbers
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, …
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
BBA102 Business Mathematics 1st Semester AKTU BBA Notes
BBA102 Business Mathematics 1st Semester AKTU BBA Notes
Decision Tree approach and its applications
Decision Tree is a graphical representation of decisions and their potential consequences, including outcomes, costs, and utility. It is a popular tool in Operations Research …
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