BITS Pilani presentation

BITS Pilani Shekhar Rajagopalan

Pilani Campus

MBA ZC417 Q UA NTI TATI V E M ETHO DS 1 BITS-Pilani

 BITS Pilani
Pilani Campus

MBA ZC417 QUANTITATIVE METHODS

Some Definitions
MBA ZC417 Q UA NTI TATI V E M ETHO DS 2 BITS-Pilani
Cross Sectional Vs Time Series Data
Snapshot of Index Closing Values on November 17, 2016 NIFTY Closing Price
Index Name Index Value Date Close
Nifty 50 8079.95 01-Jan-16 7963.2
Nifty Next 50 21231.55 04-Jan-16 7791.3
Nifty 100 8281.95 05-Jan-16 7784.65
Nifty 200 4306.75 06-Jan-16 7741
Nifty 500 6903.45 07-Jan-16 7568.3
Nifty Midcap 50 3641.4 08-Jan-16 7601.35
Nifty Free Float Midcap 100 14290.15 11-Jan-16 7563.85
Nifty Free Float Smallcap 100 5611.55 12-Jan-16 7510.3
Nifty50 Dividend Points 90.12 13-Jan-16 7562.4
Nifty Auto 8915.6 14-Jan-16 7536.8
Nifty Bank 19087.85 15-Jan-16 7437.8
Nifty Energy 9678.4 18-Jan-16 7351
Nifty Financial Services 7642.3 19-Jan-16 7435.1
Nifty FMCG 20154 20-Jan-16 7309.3
Nifty IT 9496.2 21-Jan-16 7276.8
Nifty Media 2641.9 22-Jan-16 7422.45
Nifty Metal 2662.95 25-Jan-16 7436.15

MBA ZC417 Q UA NTI TATI V E M ETHO DS 3 BITS-Pilani

A Cross Sectional Data
Order Order Date Order Order Discount Customer City Product Product Name Feedback
ID Priority Quantity Name Category (1 - 5)
293 01-10-2009 High 20 0.07 Ram Bengaluru Office Supplies Refrigerators 5
293 01-10-2009 High 27 0.01 Ram Chennai Office Supplies Files 4
515 28-08-2010 NA 19 0.08 Lavanya Mumbai Office Supplies Air Purifier 2
515 28-08-2010 NA 21 0.05 Lavanya Mumbai Furniture Floodlight Bulbs 3
678 26-09-2010 Low 44 0.07 Anuj Delhi Office Supplies Printer 1
807 23-11-2010 Medium 45 0.01 Aditi Goa Office Supplies Photocopier 4
807 23-11-2010 Medium 32 0.04 Aditi Goa Office Supplies Tacks 3
868 08-12-2012 NA 31 0.04 Ishita Lucknow Technology Webcam 5
933 09-12-2012 NA 15 0.02 Garima Kolkata Office Supplies Ring Binders 2
998 25-01-2013 NA 16 0.07 Aditya Baroda Office Supplies Envelopes 3
1154 14-02-2013 Critical 44 0.04 Rishab Baroda Furniture Bookcases 1
1154 14-02-2013 Critical 11 0.25 Rohit Kolkata Furniture Corner Table 1
1412 12-03-2013 NA 21 0.05 Sakshi Hyderabad Office Supplies Rubber Bands 2
1539 09-04-2013 Low 38 0.05 Uma Chennai Technology Memory Card 4
1702 06-05-2013 High 23 0.06 Krishna Bengaluru Office Supplies Highlighters 5

MBA ZC417 Q UA NTI TATI V E M ETHO DS 4 BITS-Pilani

Types of Data

 Name
 Gender
 Car Colour

 Date of Joining  Inter-arrival Time

 # of Defects  PE Ratio
 # of Children  Market Share

MBA ZC417 Q UA NTI TATI V E M ETHO DS 5 BITS-Pilani

 Measurement Scales
• Ratio is possible
Order Quantity
• Subtraction is possible Ratio Data Feedback 1 – 5?
• true zero exists
Quantitative Data
• Subtraction is possible Feedback 1 – 5
• No true zero
Interval Data Temperature

Date, Order ID, Priority

• Ordering is possible Ordinal Data Quantity?

Qualitative Data

• Labels Customer Name

Nominal Data Date?

MBA ZC417 Q UA NTI TATI V E M ETHO DS 6 BITS-Pilani

 Some Definitions

1. A population is the collection of all items of interest or under investigation

2. A sample is an observed subset of the population
3. Variable: A characteristic of interest
4. Observation:
5. Types of Data
6. Measurement Scales
7. Cross-Sectional & Time Series Data
8. Parameter Vs Statistic: Summarizes a variable of a Population Sample

MBA ZC417 Q UA NTI TATI V E M ETHO DS 7 BITS-Pilani

 Quiz 1

HR carried out a Employee Satisfaction survey.

One question asked whether the job made full use of the employee’s skills. The
employee had to choose among: Strongly disagree, Disagree, Neither agree nor
disagree, Agree and Strongly Agree.
This is an example of
A. Nominal Scale
B. Ordinal Scale
C. Interval Scale
D. Ratio Scale

MBA ZC417 Q UA NTI TATI V E M ETHO DS 8 BITS-Pilani

 Quiz 2

Refer to the previous question. The options were mapped to the integers 1 through 5.
That is:
1 = Strongly disagree, 2 = Disagree, 3 = Neither agree nor disagree, 4 = Agree and 5
= Strongly Agree.
This is an example of
A. Nominal Scale
B. Ordinal Scale
C. Interval Scale
D. Ratio Scale

MBA ZC417 Q UA NTI TATI V E M ETHO DS 9 BITS-Pilani

 Quiz 3

We may Add and Divide data of a variable that is

(You may select more than one option)
A. Nominal Scale
B. Ordinal Scale
C. Interval Scale
D. Ratio Scale

MBA ZC417 Q UA NTI TATI V E M ETHO DS 10 BITS-Pilani

Takeaway

Two classes of Data

• Quantitative Data
• Discrete
• Continuous
• Categorical Data

Measurement Scales

MBA ZC417 Q UA NTI TATI V E M ETHO DS 11 BITS-Pilani