1.1 Correlation: Bivariate Data, Scatter Diagram, Covariance between Two Variables, Product Moment Correlation Coefficient and Its Properties   5 Hours

1.2 Spearman’s Rank Correlation (With and Without Ties)   2 Hours

1.3 Regression: Concept of Linear Regression Analysis, Fitting of a Linear Regression Line by Method of Least Squares. Relation Between Regression Coefficients and Correlation Coefficients, Coefficient of Determination.   8 Hours

2.1 Definition of Time Series, Components of Time Series, Models of Time Series. Estimation of Trend by (i) Freehand Curve Method (ii) Method of Least Squares (Linear and Parabolic Trend)  5 Hours

2.2 Index Number as a Comparative Tool, Stages in the Construction of Index Numbers, Simple and Composite Index Numbers, Methods of Computing Composite Index Numbers, Some Standard Index Numbers   5 Hours

2.3 Laspeyres’, Paasche’s, Marshal-Edgeworth’s, Dorbisch- Bowley’s and Fisher’s Index Numbers. Fixed Base Index Numbers.

Cost of Living Index Number, Concept of Real Income Based on the Wholesale Price Index Number   5 Hours