BCOC-134 Business Mathamatics and Statistics
BCOC-134 Business Mathematics and Statistics provides a thorough grounding in basic mathematical and statistical techniques used for business purposes.
Online
15 WeeksQuick Facts
| Medium Of Instructions | Mode Of Learning | Mode Of Delivery |
|---|---|---|
| English | Self Study | Video and Text Based |
Course Overview
BCOC-134 Business Mathematics and Statistics Certification helps students to learn how to make decisions when presented with incomplete information through comprehensive coverage of statistical methods, management mathematics and probability and extensive examples and questions for students on business and accounting courses. Commercial organizations and companies use mathematics and statistics in many applications such as accounting, inventory management, marketing, sales forecasting, and financial analysis.
BCOC-134 Business Mathematics and Statistics Classes help candidates undertaking this course to develop the abilities to deal with numerical and quantitative issues in business and thus enable the use of statistical, graphical and algebraic techniques and methods wherever relevant to solve the issues.
The Highlights
- Provided by IGNOU
- Flexible course - online
- Free Online Course
- 15 Weeks Course
Programme Offerings
- Video lectures.
Courses and Certificate Fees
| Certificate Availability |
|---|
| no |
Eligibility Criteria
Educational Qualification
- 10+2 pass candidates
- Candidates appearing or appeared for qualifying exams
- Open to all candidates
What you will learn
After successful completion of the BCOC-134 Business Mathematics and Statistics Certification Course students have basic exposure to mathematical applications in the area of matrices, differential calculus and financial mathematics and be able to solve simple business and economic problems.
BCOC-134 Business Mathematics and Statistics Training includes Introduction to matrices, Determinants and Inverse of Matrices. It also discusses application and use of matrices for Business and Economic decision making. Statistics Certification Courses enable the learners to make various kinds of analysis on the basis of accurate estimates to help a business to deal with uncertainties like general economic fluctuations.
After completion of this BCOC-134 Business Mathematics and Statistics Certification by IGNOU, the learning outcomes includes:
- Understand the basic concepts of basic mathematics and statistics
- Identify reasonableness in the calculation
- Apply the basic concepts for an effective quantitative tool
- Explain and apply mathematical techniques
- Explain the use of statistical tools for analysis and forecasting
Who it is for
There shall be good job opportunities for these roles below if the relevant students apply for BCOC-134 Business Mathematics and Statistics Online Course:
- Business Intelligence Manager
- Chartered Accountant
- Financial analyst
- Chief Executive Officer
- Credit risk manager
- Market risk manager
- Business Intelligence Developer
Admission Details
The admission for this course in BCOC-134 Business Mathematics and Statistics Certification by IGNOU starts soon. Interested students are requested to enroll as soon as possible by following the steps mentioned below:
Step 1: Visit the official SWAYAM website
Step 2: Fill up the form on the website
Step 3: Upload all necessary documents
Step 4: Pay the required fee online
Step 5: Wait for announcement of classes
The Syllabus
Week-1: Matrices
- Unit-1: Introduction to Matrices
Week-2: Determinants
- Unit-2: Determinants
Week-3: Inverse Matrix
- Unit-3: Inverse of Matrices
Week-4: Mathematical Functions
- Unit-4: Application of Matrices in Business and Economics;
- Unit-5: Mathematical Functions
Week-5: Differential calculus
- Unit-6: Limit and Continuity
Week-6: Differentiation-1
Week-7: Differentiation-2
- Unit-8: Maxmima and Minimima of Functions;
- Unit-9: Application of Derivatives
Week-8: Basic Mathematics of Finance
- Unit-10: Interest Rates;
- Unit-11: Compounding and Discounting
Week-9: Univariate Analysis-1
- Unit-12: Introduction to Statistics;
- Unit-13: Measures of Central Tendency
Week-10: Univariate Analysis-2
- Unit-14: Measures of Dispersion
Week-11: Bivariate Analysis-1
- Unit-15: Simple Linear Correlation
Week-12: Bivariate Analysis-2
- Unit-16: Simple Linear Regression
Week-13: Time Based Data Analysis-1
- Unit-17: Index Numbers
Week-14: Time Based Data Analysis-2
- Unit-18: Time Series Analysis
Instructors
IGNOU Frequently Asked Questions (FAQ's)
No, they are not the same. Business statistics helps in keeping a record of all the essentials involved in a business whereas business mathematics provides the tools to study and manage such huge records.
The classes for this course are conducted Online via video lectures.
IGNOU is Indira Gandhi National Open University and aims to serve by means of distance and open education to all.
The instructor is Dr. Anupriya Pandey for this course from Indira Gandhi National Open University.
Business mathematics is usually used by organisations and companies to record and manage business operations, accounting, inventory management, marketing, sales forecasting, and financial analysis.