The ‘word’ mode gets its roots from the old French word ‘La Mode’, which means most popular phenomenon, and from the Latin word ‘Modus’, meaning… Read More
Category Archives: Statistics for Economics
The extent to which the values of a distribution differ from the average of that distribution is known as Dispersion. The measures of dispersion can… 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 in… 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, organize… 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 Price… 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)… 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 in… 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 in… 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 by… 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.… 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 by… 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. Range… 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 economic… 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 economic… 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 are… Read More
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