# Category Archives: Statistics for Economics

The â€˜wordâ€™ mode gets its roots from the old French word â€˜La Modeâ€™, which means most popular phenomenon, and from the Latin word â€˜Modusâ€™, meaningâ€¦ Read More
The extent to which the values of a distribution differ from the average of that distribution is known as Dispersion. The measures of dispersion canâ€¦ Read More
Chapter: Organisation of Data 1. Width of Class Interval 2. Mid-Point or Mid-Value Chapter: Diagrammatic Presentation of Data 1. Conversion of percentage into degrees inâ€¦ Read More
The R programming language is used for statistical data analysis and machine learning, where the system is trained with a large dataset to analyze, organizeâ€¦ Read More
What is Wholesale Price Index(WPI)? The two most practical and widely used metrics used to assess market inflation in a country are the Wholesale Priceâ€¦ Read More
Economics (Code No. 58/3/1)  Time allowed : 3 hoursMaximum Marks: 80 General Instructions:  Read the following instructions very carefully and strictly follow them :  (i)â€¦ Read More
What is Correlation? A statistical tool that helps in the study of the relationship between two variables is known as Correlation. It also helps inâ€¦ Read More
What is Correlation? A statistical tool that helps in the study of the relationship between two variables is known as Correlation. It also helps inâ€¦ Read More
Data is the collection of measurement and facts and a tool that help an individual or a group of individuals reach a sound conclusion byâ€¦ Read More
National Sample Survey (NSS) was set up on the recommendations of the National Income Committee in 1950 and was chaired by the late Professor P.C.â€¦ Read More
Data is the collection of measurement and facts and a tool that help an individual or a group of individuals reach a sound conclusion byâ€¦ Read More
The methods of measuring dispersion such as quartile deviation, range, mean deviation, etc., are not universally adopted as they do not provide much accuracy. Rangeâ€¦ Read More
A statistical tool that helps in the study of the relationship between two variables is known as Correlation. It also helps in understanding the economicâ€¦ Read More
A statistical tool that helps in the study of the relationship between two variables is known as Correlation. It also helps in understanding the economicâ€¦ Read More
We are a part of a fast-paced economy. Numerous changes in the size of the population, output, money supply, income, and price of commodities areâ€¦ Read More