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Class XI-Economics-Title 6 (1 DVD Pack)

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Short Description

Correlation Index Number



Index Number

  • Types of correlation
  • Scattered diagrams
  • Karl Pearson’s coefficient of correlation
  • Spearman’s rank correlation coefficient
  • Merits & demerits of rank correlation
  • Index numbers
  • Features & difficulties of index numbers
  • Advantages of index numbers
  • Advantages & limitations of index numbers
  • Types of index numbers
  • Construction of price index
  • Cost of living index number
  • Methods of constructing consumer (CPI)
  • Wholesale price index (WPI)
  • Index number of industrial production


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