Indian Institute of Management Rohtak

Course Outline

Course Title : Statistical Methods - II

Credits : 1 (20 Sessions)

Type : Compulsory

Session Duration : 75 minutes

Term : III

Year :

Faculty : Dr. Shweta Ahalawat

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Introduction

The goal of this course is to build upon what graduate students have learnt in Statistical
Methods-I. This among other topics will include linear modelling and multivariate
statistics. Students will get hands-on experience applying the topics covered to real
datasets using R.
Course Objectives
At the end of this course, students should be able to:
 Demonstrate their understanding of descriptive statistics by practical application of
quantitative reasoning and data visualization
 Demonstrate their knowledge of the basics of inferential statistics by making valid
generalizations from sample data
 Understand how to use various forms of the general linear model
Learning Outcomes
 Recognize pitfalls in using statistical methodology
 Model building from theory and data

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 Decision Making with data and information
 Interpret the results from multivariate data analyses
Pedagogy

The pedagogy would be a mix of Lectures, Discussions, Group exercises in class,

Assignments and Quizzes. Honest and Non-Plagiarized submissions for assignments and
quizzes will be appreciated. Any form of dishonesty, cheating, plagiarism will be
penalized heavily and it may lead to award of 0 marks, repetition of course or any other
disciplinary action as deemed right by the institution. Participants are expected to read the
prescribed readings/book chapter, summarize and critique the readings and try to identify
the linkage between the prescribed readings for the session and those covered earlier
before coming to attend the session.

Evaluation Schema:

Evaluation Parameters Evaluation Weightage Allocation

Continuous Assessment/Quizzes Part 1 20%

Mid Term Exam 20%

Continuous Assessment/Quizzes Part 2 20%

End Term Exam 40%

Total 100%

Text Books:

Business Analytics:Data analysis and Decision making by Albright ;Winston, 5e.

Cengage

Reference Books

1. Statistics for Business & Economics by David R. Anderson; Dennis J. Sweeney;

Thomas A. Williams; Jeffrey D. Camm; James J. Cochran, 13th Edition, Cengage

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 2. All of statistics: a concise course in statistical inference by Larry Wasserman, Springer

3.. Basic Business Statistics by Mark L. Berenson, David M. Levine, David Stephan,
Kathryn A Szabat, 14th Edition, Pearson

Detailed Session Plan

Module Session Topic and Sub-topics Reference Case / Exercise /
No. No. (Book chapter / Assignment
Page numbers
from the
book/Additional
readings)
Introduction. Basics of descriptive
statistics. Phases of data analysis.
I 1 Descriptive and inferential statistics. Chapter 1 Exercise 1
Data types.
Univariate discrete and continuous
distributions.
Expectations, moments, and
II 2,3 Chapter 2 and 3 Exercises 2, 3
transformations. Central Limit
Theorem. T-distributions, F-
distribution.
Bayesian inferential statistics.
4,5 Conditional probability. Joint
III probability. The chain rule. Law of Chapter 4 Exercises 4, 5
the total probability.
Hypothesis testing. One sample Z-
test. One-sided and two-sided tests.
6,7 The t-test. Testing the variance. Type Chapter 5 Exercises 6, 7
I and II Errors.
IV
Hypothesis testing for two or more
samples. ANOVA testing. Multiple
8,9 test problems. Bonferroni and FDR Chapter 6,7,8 Exercises 8, 9
correction.
Correlation and association analysis.
Linear correlation. Interclass
V 10 correlation. Chapter 10 Exercise 10

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 Modelling of data. Linear regression.
Estimation using ordinary least
11 squares. Model diagnostics. Building Chapter 11 Exercise 11
the model.
Analysis of covariance (Ancova
testing).
12, 13 Chapter 12 Exercise 12

Analysis of contingency tables.

Maximum likelihood estimation. Chapter 14
14 Exercise 13
and 15

Risk, relative risk, and odds ratio.

Logistic regression. Relation to the
15, 16 odds ratio. Chapter 15 Exercise 14

VI
Data cleansing. Feature selection.
Stepwise regression and finding the
17 Chapter 16 Exercise 15
best model.

Principle Component Analysis and

Linear Discriminant Analysis
VII 18 Chapter 17 Exercise 18

Multivariate normal distribution

19 Chapter 18 Exercise 19

VIII
Multivariate T-tests
Chapter 18
20 Exercise 20
and 19

**This is a guide to the syllabus and session plan of this course. It may change slightly
during the term. The textbook will serve as a baseline for the course, but some topics
covered might be outside or partially outside of the book.