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Uni, Bi and Multivariate Data

The document outlines a course on Decision Science at Chandigarh University, focusing on hypothesis testing and various statistical techniques. It covers univariate, bivariate, and multivariate analysis, including descriptive and inferential statistics, measures of central tendency, and dispersion. The course aims to equip students with the ability to analyze data and solve business and social problems using statistical methods.

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4 views21 pages

Uni, Bi and Multivariate Data

The document outlines a course on Decision Science at Chandigarh University, focusing on hypothesis testing and various statistical techniques. It covers univariate, bivariate, and multivariate analysis, including descriptive and inferential statistics, measures of central tendency, and dispersion. The course aims to equip students with the ability to analyze data and solve business and social problems using statistical methods.

Uploaded by

hs1248985
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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INSTITUTE: Chandigarh University

DEPARTMENT: University School of Business


Management (MBA)
Subject Name and Code:–Decision Science-24BAT-604
Faculty name- Diksha Gandhi

TOPIC OF PRESENTATION
DISCOVER . LEARN . EMPOWER
Testing of Hypothesis 1
Course Outcome After undergoing this Course, the students will be able:

CO1 To understand and remember the nature of data and various statistical
techniques
CO2 To categorize and correlate the different descriptive measures with the
various complex managerial problems
CO3 To examine the results of different statistical techniques on diverse set
of data
CO4

To predict and forecast the future through time series modeling


CO5 To apply the principles of inferential statistics and develop solutions
for the business & social problems.
UNIVARIATE & BIVARIATE ANALYSIS
UNIVARIATE BIVARIATE & MULTIVARIATE

UNIVARIATE ANALYSIS
-One variable analysed at a time

BIVARIATE ANALYSIS
-Two variable analysed at a time

MULTIVARIATE ANALYSIS
-More than two variables analysed at a time
TYPES OF ANALYSIS

•DESCRIPTIVE ANALYSIS

•INFERENTIAL ANALYSIS
DESCRIPTIVE ANALYSIS
Transformation of raw data

Facilitate easy understanding and interpretation

Deals with summary measures relating to sample data

Eg-what is the average age of the

sample?
INFERENTIAL ANALYSIS

Carried out after descriptive analysis

Inferences drawn on population parameters based on


sample results

Generalizes results to the population based on sample


results

Eg-is the average age of population different from 35?


DESCRIPTIVE ANALYSIS OF
UNIVARIATE DATA
1. Prepare frequency distribution of each variable
Missing Data
Situation where certain questions are left unanswered
Analysis of multiple responses
Measures of central tendency

3 measures of central tendency

1.Mean 2.Median 3.Mode


MEAN

Arithmetic average of a variable

Appropriate for interval and ratio scale data

x
MEDIAN
Calculates the middle value of the data

Computed for ratio, interval or ordinal scale.

Data needs to be arranged in ascending or descending order


MODE

Point of maximum frequency

Should not be computed for ordinal or interval data


unless grouped.

Widely used in business


MEASURE OF DISPERSION

• 1.Range
• 2.Variance and standard deviation
• 3.Coefficient of variation
• 4.Relative and absolute frequencies
DESCRIPTIVE ANALYSIS OF
BIVARIATE DATA
There are three types of measure used.

1.Cross tabulation

2.Spearmans rank correlation coefficient

3.Pearsons linear correlation coefficient


Cross Tabulation
Responses of two questions are combined
Spearman’s rank order
correlation coefficient.
Used in case of ordinal data
References
TEXT BOOKS
• 1. Levine, D., Sazbat, K. and Stephan, D. 2013. Business Statistics, 7thEdition,
Pearson Education, India, ISBN: 9780132807265.
• 2. J.K Sharma, 2012. Business Statistics, 2nd Edition, Sixth Impression, Pearson
Education India, 2012 a, ISBN: 9788177586541

REFERENCE BOOKS
• R1 J.K Sharma, Fourth Edition 2014 Business Statistics , Vikas Publishing House ,
ISBN: 9789325980805.
• R2 Gupta, S. 2011. Statistical Methods, 4thEdition, Sultan Chand & Sons, ISBN:
8180548627

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Assessment Pattern

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THANK YOU

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