Applied Statistics (ISS (Statistical Services) Statistics Paper III): Questions 20 - 25 of 45

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Question number: 20

» Applied Statistics » Index Numbers » Income Distribution-Pareto and Engel Curves

Appeared in Year: 2011

Essay Question▾

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Explain the formulation of the problem of distribution of income. Further discuss its Mathematical formulation in order to find number of persons with income x or more.

Explanation

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Question number: 21

» Applied Statistics » Time Series Analysis » Exploratory Time Series Analysis

Appeared in Year: 2011

Essay Question▾

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Give the various steps for finding the variance of the random component using variate difference method. Is F-test used for testing the significance of homogeneity of two successive estimates of variance? If yes, ok, otherwise which ’test can be used? Discuss.

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Question number: 22

» Applied Statistics » Index Numbers » Price Relatives and Quantity or Volume Relatives

Appeared in Year: 2010

Short Answer Question▾

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What are the three tests of index numbers? Verify whether the following index number satisfies any of these tests:

I=

Where L = Lasperaye’s Price Index Number

P = Paasche’s Price Index Number.

Question number: 23

» Applied Statistics » Index Numbers » Income Distribution-Pareto and Engel Curves

Appeared in Year: 2013

Essay Question▾

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Explaining Pareto’s law of income distribution, show that the elasticity decreases in the number of persons while passing to a higher income class.

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Question number: 24

» Applied Statistics » Index Numbers » Income Distribution-Pareto and Engel Curves

Appeared in Year: 2013

Essay Question▾

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Discuss Engel’s curve. Explain the Engel’s curve for constant price of a demand functionwhere is national income and p is price.

Explanation

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Question number: 25

» Applied Statistics » Time Series Analysis » Determination of Trend, Seasonal and Cyclical Fluctuations

Appeared in Year: 2012

Essay Question▾

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What are the different methods for measurement of trend? Discuss the method of fitting a straight line using least squares method.

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