Topics Covered in Unit-3: Statistics & Econometrics
The syllabus and notes are structured to match the latest NTA UGC NET Economics syllabus (2025 cycle):
- Probability Theory
- Random variables, distributions, expectation, variance
- Sampling Methods
- Simple random, stratified, cluster sampling
- Estimation & Hypothesis Testing
- Confidence intervals, t-tests, chi-square tests, ANOVA
- Regression Models
- Simple and multiple regression, OLS assumptions, multicollinearity
- Time Series Analysis
- Stationarity, ARIMA models, trend and seasonal decomposition
- Econometric Applications
- Model specification, identification, simultaneous equations
📝 MCQ Practice Features
- Includes solved and unsolved MCQs for each topic.
- Exam-oriented structure: questions mirror NTA UGC NET-SET exam style.
- Quick revision format: concise notes + practice questions.
- Difficulty levels: basic conceptual to advanced econometric applications.
⚠️ Things to Keep in Mind
- EduIQ notes are supplementary: They provide exam-focused practice but should be paired with the official NTA syllabus for complete coverage.
- MCQs are practice-oriented: They may not cover every theoretical detail, so cross-reference with textbooks.
- Latest syllabus alignment: Confirm that your edition matches the June 2025 NTA syllabus cycle.