Industrial Statistics and Mathematical Finance

Third Year - Industrial Statistics (Special Degree)

Semester Course Module Credits
Sem I
IS3001 Sampling Techniques 230L x
IS3050 Statistical Inference 345L x
IS3051 Advanced Statistical Process Control 230L x
ST3006 Regression Analysis 230L x
ST3074 Time Series Analysis 230L o
ST3076 Reliability Data Analysis 345L o
MS3002 Advanced Marketing Research 115L x
MS3003 Operational Research II 230L o
CS3007 Multimedia Technologies 330L 30P o
Sem II
IS3003 Special Topics I 215L 30P o
IS3052 Advanced Topics in Experimental Design 230L x
IS3053 Data Mining Techniques 215L 30P x
IS3054 Literature Review in IS 130P x
FM3003 Calculus III 230L o
MS3004 Quality Management / Project Management 230L x
IT3002 Database Systems 330P 30L o

Note:

IS 3001 - Sampling Techniques (30L, 2C)
Dependencies: IS2002
Syllabus: Simple Random Sampling (SRS), Sample size determination, Ratio and Regression estimators under SRS, Stratified, Systematic, and Quota sampling. Separate and combined estimators for stratified sampling. Cluster sampling, Multi-stage sampling, Complex sample designs and related issues.
Evaluation Criteria: End-of-semester examination (70%), Continuous assessments (30%)
Suggested Readings: Sampling (2e) - by Steven K. Thompson Practical sampling Techniques by Ranjan Kumar Som Hand book of Sampling Techniques and Analysis by Poduri Rao
ST 3006 : Regression Analysis (30L, 2C)
Dependencies: ST1004, ST2004
Syllabus: Introduction to regression, Correlation, Uses of regression, Simple linear regression model, Parameter estimation, inferences about the model, model diagnostics and prediction, Multiple regressions, Qualitative variables as predictors, Model building
Evaluation Criteria: End-of-semester examination and assignments
Suggested Readings: Applied Regression Analysis (Draper & Smith), Applied Linear Regression (Sanford Weisberg)
ST 3074 - Time Series Analysis (30L, 2C)
Dependencies:
Syllabus: Introduction: Definition, Types of time series, Components of time series, Time plot, Time series decomposition, Transformation, Differencing, Autocorrelation, Stationarity: Stationary & non-stationary time series, Tests for stationary, Modelling time series: Time series models, Model identification, Parameter estimation, Diagnostic checks, Forecasting, Spectral analysis
Evaluation Criteria: End-of-semester examination and Assignments
Suggested Readings: Forecasting Methods and Applications (Makridakis, S. Weelwright, S. C. and Hyndman, R. J.), The analysis of Time Series: An Introduction (Chatfield, C), Forecasting and Control (Box, G. E. P., Jenkins, G. M. and Reinsell)
ST 3076 - Reliability Data Analysis (45L, 3C)
Dependencies:
Syllabus: Reliability concepts and Reliability data, Models, censoring and likelihood for failure time data, Non-parametric estimation, Location-Scale based parametric distributions, Probability plotting, Parametric likelihood fitting concepts, Maximum likelihood estimates for the exponential mean based on the density approximation. Failure time regression analysis; failure time regression models, accelerated failure time models, regression diagnostics, proportional hazards model, weibull proportional hazards model. Accelerated test models: Different types of acceleration, accelerated life tests, methods of acceleration, acceleration models. Planning accelerated life tests: planning information, evaluation of test plans, planning single variable ALT experiments.
Evaluation Criteria: End-of-semester examination and Assignments
Suggested Readings: Statistical methods for reliability data (Meeker, M.Q. and Escobar, L.A.), Reliability Modeling: A Statistical approach (Wolstenholme L.C.)
FM 3003 - Calculus III (30L, 2C)
Dependencies: None
Syllabus: Plain curves : Conics, parametric equations, polar coordinates and graphs. Vector : Vectors in plane and space, Dot and Cross products, Lines, planes and surfaces in space, Cylindrical and Spherical coordinates. Vector valued functions : Differentiation and integration, Tangent and normal vectors, Arc length and curvature. Functions of several variables : Graphs of surfaces, Limits and continuity, Partial derivatives and differentiability, Linear approximation and error bounds, Chain rule, Directional derivatives and gradients, Tangent planes and normal lines, Extrema of functions of two variables and applications, Lagrange multipliers. Multiple integration : Iterated integrals, Double integrals and volumes, Change of variables and polar coordinates, Surface area, Triple integrals, Change of variables. Vector analysis : Vector fields, Line integrals, Conservative vector fields, Green's theorem, Surface integrals, Divergence theorem, Stoke's theorem.
Evaluation Criteria: End of semester examination
MS 3002 - Advanced Marketing Research (15L, 1 C)
Dependencies: MS2004
Syllabus: Multivariate Techniques including cluster, factor, conjoint, correspondence mapping, multiple regression, Data Fusion, Forecasting techniques including ARIMA Media Research: Definitions, specialized data collection methods, media terminology & measurement, media planning including introduction to proprietary software for pre & post evaluation of media schedules, Pricing Research: Types of pricing models & their application, Test Marketing & Simulated Test Marketing, Report Writing
Evaluation Criteria: End-of-semester examination (70%), Continuous assessments (30%)
Suggested Readings: Research for Marketing Decisions by Paul Green & Donald Tull “Marketing Research" by Harper Boyd, Ralph Westfall & Stanley Stasch “Essentials of Marketing Research" by V. Kumar, David Aaker & George Day
MS 3003 - Operational Research II (30L, 2C)
Dependencies: MS1003
Syllabus: Network Models: Minimal Spanning tree, shortest route problem, Project Planning and implementation, Inventory Models and OR packages
Evaluation Criteria: End-of-semester examination (70%), Continuous assessments (30%)
Suggested Readings: Operational Research an Introduction by Hamdy A. Taha, Introduction to Operations Research by Hillier and Lieberman