In interpreting time series analysis, we need to apply judgement on whether the future would be different from the past, and if so in what way. In other words, we must be able to say if the underlying trend has turned non-linear. The second conference theme, Financial Statistics, has always been important; indeed, its importance has grown in the rapidly globalizing world.
Subsequently, at a high Level meeting between Shri Sudhakar Rao, the then Chief Secretary, Government of Karnataka and Smt. Usha Thorat, Deputy Governor, RBI, it was decided that revision of syllabus and content of textbooks for classes V, VII, VIII and IX would be carried out for the academic year 2010–11.