To enable the students to have a basic understanding of the various Statistical/ Quantitative methods and their application in Business Decision Making. This course introduces the students to the basic principles of statistical inference, sampling techniques, theory of probability and probability distributions, regression and correlation, price and quantity index numbers, time series analysis, seasonal variation and forecasting It prepares the students to be able to organize, tabulate and analyze data obtained from the field of study. Furthermore, a key objective of this course is to equip students with useful quantitative and conceptual skills not only for their immediate academic career, but also for their future professional life.