Theory of Correlation: Meaning of Correlation, Simple Correlation, Co-efficient, Rank Correlation.
- 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
- 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
- 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

Probability: Random Experiment, Sample Space and Events, Addition and Multiplication theorems
- Probability
Definitions –random experiment, sample space events etc.
- Statement of Addition theorem and multiplication theorems
- Problems based on the above theorems
- Conditional probability
- Introduction –Hypothesis testing
- Assumptions about parametric and non-parametric tests
- Hypothesis –Null and Alternate Hypothesis
- Hypothesis testing process
- Type 1 and Type 2 Errors
- Level of significance and rejection region

Bayes Theorems and its Applications
- Probability
- Inverse Probability
- Bayes theorem and its applications in business

Random Variable and Probability Distribution: Binomial, Poisson, Normal
- Random Variable & Probability Distributions
  - Discrete and continuous random variable
  - Probability Distributions continuous and discrete
  - Binomial distribution
  - Poisson distribution
  - Normal Distribution
  - Uniform Distribution
  - Problems based on the above

Test of Significance
- Introduction –Hypothesis testing
- Assumptions about parametric and non-parametric tests
- Hypothesis –Null and Alternate Hypothesis
- Hypothesis testing process
- Type 1 and Type 2 Errors
- Level of significance and rejection region

Non Parametric Tests
- Mann-Whitney U test
- Kolmogorov-Smirnov Z test
- Chi square test