If you continue browsing the site, you agree to the use of cookies on this website. Clipping is a handy way to collect important slides you want to go back to later. Key Statistics found in: Social Media Key Statistics Ppt PowerPoint Presentation Summary Graphics Example, Key Statistics Ppt PowerPoint Presentation Professional Master Slide, Social Media Key Statistics Ppt PowerPoint.. Statistics The term statistics refers to the numerical facts such as average, median, percent, and index numbers that help us understand the business and economic situations. Quantitative Aptitude & Business Statistics: Index Numbers 29 . The starter is lots of questions on percentages to prepare students for Index numbers and to assess students' prior knowledge. Represents the number of independent observations in a sample. Statistics as a meta-discipline advances when the methodological lessons and principles from a particular piece of work are abstracted and incorporated into a theoretical scaffold that enables them to be used on many other problems in many other places. View and Download PowerPoint Presentations on Statistics Lecture Notes PPT. Index numbers are a useful way of expressing economic data time series and comparing / contrasting information. Statistics are part of your everyday life, and they are subject to interpretation. Objective: master the skill of calculating basic index numbers (AO1), reason mathematically (AO2) and problem solve with worded problems and procedural fluency (AO3). However, percentage sign (%) is never used. It is a key statistic for purposes of economic and social policy-making, especially monetary Assign a number to each member of the population. 9. We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. This tutorial is designed for Professionals who are willing to learn Statistics and want to clear B.A., B.Sc., B.COM, M.COM and other exams. They are generally classified into three categories. 11 Samples Sample Definition: A Subset of a population. For example, sale of a product depends on a number of factors such as its price, quality, competition, the income of the consumers, and so on. Furthermore, the simple method is classified into simple aggregative and simple relative. Index numbers are statistical measures designed to show changes in a variable or group of related variables with respect to time, geographic location or other characteristics such as income, profession, etc. Download free Statistics PPT Backgrounds Statistics PowerPoint backgrounds is a free statistic background for statistics and business projects. Read about the role of an index number in economics and how index numbers can be applied to all kinds of data, such as inflation or productivity. USES OF INDEX NUMBERS o To framing suitable policies. Mathematical statistics is the application of Mathematics to Statistics, which was originally conceived as the science of the state — the collection and analysis of facts about a country: its economy, and, military, population, and so forth. • Data collection. 126 Red Histogram PowerPoint Template. Before the calculation of descriptive statistics, it is sometimes a good idea to present data as tables, charts, diagrams or graphs. Changes in the general level of prices can be measured by a statistical device known as ‘index number.’ Index number is a technique of measuring changes in a variable or group of variables with respect to time, geographical location or other characteristics. • Selection of commodities. It really helps :) All the best, Ben Hamilton. Most people find ‘pictures’ much more helpful than ‘numbers’ in the sense that, in their opinion, they present data more meaningfully. Introduction to Index Number class 11 Notes Economics. Features of Index Number. The index number is then expressed as 100 times the ratio to the base value. 2 years are compared to see the changes in price. 1. If you continue browsing the site, you agree to the use of cookies on this website. In this lecture, I have explained index number meaning. This tutorial will give you great understanding on concepts present in Statistics syllabus and after completing this preparation material you will be at intermediate level of experties from where you can take yourself at higher level of expertise. Simple Index Number. PoweredTemplate. Statistic; A number that describes a sample characteristic. Presenting a spreadsheet with the number for each individual student is not very clear. 113 Driving Safety Free PowerPoint Template. 5 PowerPoint Statistics to Think About and How to Make Powerpoint Presentation Attractive. Find PowerPoint Presentations and Slides using the power of XPowerPoint.com, find free presentations research about Statistics Lecture Notes PPT 105 3D Number PowerPoint Template. Looks like you’ve clipped this slide to already. PoweredTemplate. The percentage are chained together by successive multiplication to form a series of chain index, in chain base year index method the base year changes from year to year . Index number may be classified in terms of the variables that they measure. This lesson is for an introduction to Index numbers, suitable for GCSE Statistics students. The most common index numbers are the price index numbers. Wrong figures, if analysed, will lead to erroneous conclusions. Indexes – also known as composite indicators – summarize and rank specific observations. This is the first part of my lectures on statistics. Symbolized by a ; Is affected by the sample size and the nature of the experiment. 1-6 Index Numbers chap in Business Mathematics explained in detail. An index number is a figure reflecting price or quantity compared with a base value. There are different ways of construction of index numbers.In general, construction of index number is further available for the division in two parts: Simple and Weighted. PROBLEMS RELATED TO INDEX NUMBERS • Choice of the base period. See our User Agreement and Privacy Policy. Home; Explore; Successfully reported this slideshow. o They reveal trends and tendencies. PoweredTemplate. Levels of Significance. They study changes in the price level of commodities over a period of time. In broader sense, statistics is defined as the art and science of collecting, coding, analysing, presenting and interpreting the data. Hence, it is necessary that conclusions must be based on accurate figures. INDEX NUMBERS (Statistics Project ) - Free download as Powerpoint Presentation (.ppt / .pptx), PDF File (.pdf), Text File (.txt) or view presentation slides online. In statistics and research design, an index is a composite statistic – a measure of changes in a representative group of individual data points, or in other words, a compound measure that aggregates multiple indicators. Simple Random Sample All samples of the same size are equally likely. We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. o Index numbers are very useful in deflating. See our Privacy Policy and User Agreement for details. (ii) Statistics are affected by a number of factors. The following statistics were reported by the BBC and other sources recently regarding PowerPoint users and statistics. Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Now customize the name of a clipboard to store your clips. Statistics with Number of Deaths and Number of Recovered Patients Presentation. Looks like you’ve clipped this slide to already. Statistics >> Types of Index Numbers. 2002 gross income of people from a sample of three states. Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. INDEX NUMBERS PRESENTED BY- Deepak Khandelwal Prakash Gupta . Chain base index numbers Chain base index numbers is one in which the figures for each are first expressed as percentage of the preceding year. See our User Agreement and Privacy Policy. Feeling generous? See our Privacy Policy and User Agreement for details. You can change your ad … If you continue browsing the site, you agree to the use of cookies on this website. If you continue browsing the site, you agree to the use of cookies on this website. Index number is a statistical measure of average change in a variable or a group of variables with respect to time or space. 5 Random Sample Each member of the population has an equal chance of being selected. You can change your ad preferences anytime. 10 Population The set of data (numerical or otherwise) corresponding to the entire collection of units about which information is sought . APIdays Paris 2019 - Innovation @ scale, APIs as Digital Factories' New Machi... No public clipboards found for this slide, Student at Krantiguru Shyamji Krishna Verma Kachchh University, Kachchh. The value index number is not a very popular statistical tool. Index number generally computed on annual basis. The base value always has an index number of 100. Index numbers are also differentiated according to the number of commodities or products included in the comparison. Index numbers are expressed in terms of percentages. View and Download PowerPoint Presentations on Statistics Project PPT. mathematical formulas numbers with context. Find PowerPoint Presentations and Slides using the power of XPowerPoint.com, find free presentations research about Statistics Project PPT 'Price Index Number. The interpreter, of course, is YOU. SlideShare Explore Search You. CLASSIFICATION OF INDEX NUMBERS 10. Upload; Login; Signup; Submit Search. We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. Price and quantity index numbers give a clearer picture of the economy for study and analysis. What are index numbers? GCSE Statistics - Basic Index Numbers. Statistics is a meta-discipline in that it thinks about how to think about turning data into real-world insights. They are of two types: (a) Wholesale Price Index Number. Preview and details Files included (2) flipchart, 136 KB. Question on Value Index Number. Now customize the name of a clipboard to store your clips. Loading... Save for later. 210 Chart PowerPoint Template. Other topics include: N/A. Introduction The answer to the question what is the Mean of a given set of magnitudes cannot in general be found, unless there is given also the object for the sake of which a mean value is required. PoweredTemplate. Time series, forecasting, and index numbers, Chapter - 6 Data Mining Concepts and Techniques 2nd Ed slides Han & Kamber, Bills out money in: Best tips for getting paid for the work you do, No public clipboards found for this slide. INDEX NUMBERS PRESENTED BY- Deepak Khandelwal Prakash Gupta . 58 Presentations PowerPoint … Is a measure that states the number of variables that can change within a statistical test. • Choice of index. • Choice of an average. 8. There are several sources of 'official' statistics that contain index numbers for quantities such as food prices, clothing prices, housing, and wages. 1. Q: In a value index number, what is the test of consistency? There are as many kinds of average as there are purposes; and we may almost say, in the matter of prices as many purposes as writers. ... or 1,000 students give a class presentation and record the number of times each DEFINITION. Free. Is determined by the researcher. Mathematical techniques used for this include mathematical analysis, linear algebra, stochastic analysis, differential equation and measure-theoretic probability theory. Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. PoweredTemplate. Introduction to index number: An index number is a statistical device for measuring changes in the magnitude of a group of related variables. CHAPTER 1: INTRODUCTION TO STATISTICS 3 student fidgeted. Index Numbers. PoweredTemplate. Consumer price index manual Theory and practice Price: 200 francs Consumer price index manual: Theory and practice The consumer price index (CPI) measures the rate at which the prices of consumer goods and services are changing over time. Clipping is a handy way to collect important slides you want to go back to later. A simple index , also known as a relative , is a comparison involving only one item but an index whose calculation is based on several items is known as an aggregate or composite index. Then the flipchart is just a few examples and explanations. 8 Data Statistical Tools Information. The variable may be the cost of commodity or goods. statistical Take the time to leave a review. 115 Dice PowerPoint Template. 9 Population & Sample Population Sample. You can change your ad preferences anytime. A collection of index numbers for different years, locations, etc., is sometimes called an index series. Customer Code: Creating a Company Customers Love, Be A Great Product Leader (Amplify, Oct 2019), Trillion Dollar Coach Book (Bill Campbell). Basic Index Number Theory A. Read more. Calculated by n-1 ( sample size 1) 15. INDEX NUMBERS PRESENTED BY- Deepak Khandelwal Prakash Gupta. 4 (iii) Statistics must be reasonably accurate. They even help in the formulation and implementation of economic policies. Index numbers may be categorized in terms of the variables that they are planned to measure. Meta-Discipline in that it thinks about How to Make PowerPoint Presentation Attractive a... ( iii ) Statistics must be reasonably accurate differential equation and measure-theoretic probability theory,. The name of a clipboard to store your clips data to personalize and.... or 1,000 students give a clearer picture of the same size are likely. Descriptive Statistics, it is necessary that conclusions must be reasonably accurate flipchart is just a few examples and.. 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