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#quantitative-methods-basic-concepts #statistics
Statistics can refer to numerical data (e.g., a company's average revenue for the past 20 years). It can also refer to methods of collecting, classifying, analyzing, and interpreting numerical data. Statistical methods provide a powerful set of tools for making decisions in business and other fields.
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Subject 1. The Nature of Statistics
Statistics can refer to numerical data (e.g., a company's average revenue for the past 20 years). It can also refer to methods of collecting, classifying, analyzing, and interpreting numerical data. Statistical methods provide a powerful set of tools for making decisions in business and other fields. Statistics involves two different processes: Describing sets of data. Descriptive statistical methods can be used to describe the important aspects of data set


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