Business statistics

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Business statistics is the science of good decision making in the face of uncertainty and is used in
many disciplines such asfinancial analysis, econometrics, auditing, production and operations
including services improvement, and marketing research.
[1]

These sources feature regular repetitive publication of series of data. This makes the topic of time
series especially important for business statistics. It is also a branch of applied statistics working
mostly on data collected as a by-product of doing business or by government agencies. It provides
knowledge and skills to interpret and use statistical techniques in a variety of business applications.
A typical business statistics course is intended for business majors, and covers statistical study,
descriptive statistics (collection, description, analysis, and summary of data), probability, and the
binomial and normal distributions, test of hypotheses and confidence intervals, linear regression, and
correlation.
[2]

See also[edit]
Business mathematics
Economic data
Economic statistics
collection of data
Notes[edit]
1. Jump up^ Journal of Business & Economic Statistics, Aims and
Scope.
"Journal of Business & Economic Statistics, American Statistical
Association."
2. Jump up^ E. Pekoz, The Manager's Guide to Statistics,
www.probabilitybookstore.com, 2012.
References[edit]
Morien, D. (2007) Business Statistics, Thomson Learning
Nelson. ISBN 978-0-17-013147-6
Wegner, T. (2010). Applied Business Statistics: Methods and Excel-
Based Applications, Juta Academic. ISBN 0702172863

This statistics-related article is a stub. You can help Wikipedia by expanding it.

Darlene Basilio
Categories:
Business
Fields of application of statistics
Statistics stubs
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