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Statistical Techniques in Business & Economics
The 18th edition of "STATISTICAL TECHNIQUES IN BUSINESS & ECONOMICS" provides a comprehensive overview of essential statistical methods applied within the realms of business and economics. This textbook covers fundamental statistical concepts and their practical applications in analyzing data relevant to decision-making in business contexts. Topics include descriptive statistics for data summarization and presentation, probability theory and distributions for understanding uncertainty, hypothesis testing for making informed decisions, and regression analysis for exploring relationships between variables. The book also delves into advanced techniques such as forecasting methods, analysis of variance, and sensitivity analysis, crucial for strategic planning and risk assessment. Throughout, emphasis is placed on the practical use of statistical software tools like SPSS and Excel, ensuring readers gain proficiency in applying these methods to real-world business scenarios. Designed for both students and practitioners, this edition serves as an indispensable resource for mastering statistical techniques essential for success in business and economic analysis.
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