Business Statistics

The field of business statistics is concerned with making effective and good decisions in the face of uncertainty. It is useful in the areas of econometrics, financial analysis, marketing research and services improvement. It is a branch of applied statistics that uses the data collected from business and government agencies. Time series is an important aspect of business statistics. A comprehension of descriptive statistics, probability, binomial and normal distributions, linear regressions and correlation, etc. are vital to the study of business statistics. This textbook unfolds the innovative aspects of business statistics, which will be crucial for the holistic understanding of the subject matter. It presents the complex subject of business statistics in the most comprehensible and easy to understand language. This book, with its detailed analyses and data, will prove immensely beneficial to professionals and students involved in this area at various levels.