The Open Universities in India are very useful as there are so many students who are unable to continue their studies due to circumstances. The degree of MBA is in a good demand as it offers a good job opportunity for the candidates.

What is taught in this paper?

The course of MBA is of analysis of economic data, statistical analysis of topics in microeconomics, macroeconomics, business, finance, forecasting, and data quality and policy evaluation.

Importance of this paper:

The subject is about the evaluation by the method of statistics and probability; the case studies in many areas are calculated on the basis of this as they are of a large scale.

Paper Pattern:

The paper of Statistics & Econometrics is a numerical one and there are 14 questions in the paper, these questions are divided into 4 sections; Section A is of 5 very short answer type questions, each of equal marks and all are compulsory, Section B is of 7 short answer type questions from which 5 are needed to be attempted, all are of equal marks, Section C is of 4 long answer type questions from which 2 are needed to be attempted, all are compulsory and Section D is of 2 very long answer type questions from which 1 is needed to be attempted.

Frequently asked questions:

The paper have questions such as properties of a normal curve, test of hypothesis, stationary random function, properties of variance, methods of Moments, Econometrics, conditional probability, relation between statistics and probability etc.

Marks and time:

The paper is of 80 marks and time allotted is 3 hours only. Section A is of 10 marks, Section B is of 35 marks, Section C is of 20 marks and Section D is of 15 marks.

Recommended Books:

• Introduction to Statistics and Econometrics by Takeshi Amemiya
• Statistics and Econometrics by OrleyAshenfelter