Matrix Multiplication, Arithmetical Operations, Matrix Determinants, Inverse of a Matrix
- Matrix algebra
  - Addition, subtraction and multiplication of matrices
  - Symmetric and skew Symmetric matrices
  - Determinant of a matrix
  - Inverse of a matrix
  - Rank of a matrix

Solution of Simultaneous Equations Using Matrices
- Solution of Simultaneous linear equations using matrices
- Matrix inversion method
- Cramer’s rule

Sets
- Introduction and definition
- Different types of sets
- Union, intersection and complement of a set
- Difference of two sets
- Venn diagram

Basic Probability Concepts – Addition and Multiplication Theorems of Probability, Marginal, Joint and Conditional Probability
- Probability
  - Definitions –random experiment, sample space events etc.
  - Statement of Addition theorem and multiplication theorems
  - Problems based on the above theorems
  - Conditional probability

Baye’s Theorem and its Business Applications
- Probability
  - Inverse Probability
  - Bayes theorem and its applications in business

Correlation: Different Types of Correlation, Karl Pearson’s Correlation Coefficient, Spearman’s Rank Correlation Coefficient, Concurrent Deviation Method, Coefficient of Determination
- Correlation
  - Introduction
  - Types
  - Coefficient of correlation
  - Measurement of correlation
  - Scatter Diagram
  - Karl Pearson’s coefficient of correlation
  - Rank correlation
  - Coefficient of Variation
  - Properties of correlation coefficient

Regression Analysis: Line of Best Fit, Least Square Method, Business Applications.
- Correlation and regression
  - Regression –Introduction and definition
  - Types of regression
  - Line of best fit
  - Regression equations
  - Properties of regression lines and regression coefficients
  - Standard error of estimate
  - Simple linear regression
  - Problems based on linear regression

Time Series Analysis: Different Components of Time Series, Application of Time Series in Business Forecasting
- Time Series Analysis
  - Introduction and definitions
  - Various components of time series
  - Determination of trend by
    - Graphical method
    - Moving average method
    - Least Square method
    - Calculation of seasonal indices
      - Simple average method
    - Link relative method