Factors responsible for development of Statistics in Modern times: Increased demand for statistics: In the present century considerable development has taken place in the field of Business and commerce, Governmental activities and Science. Statistics helps in formulating suitable policies. Learn what business statistics is, how it helps companies make decisions, and what are the two types of statistics in business. Explore the applications of statistics in production, accounting, marketing, and more with examples. Business Statistics Author: Dr. Prashant Suresh Salve UNIT 1: Introduction to Business Statistics UNIT 2: Collection and Presentation of Data UNIT 3: Frequency Distributions and Measures of Central Tendency UNIT 4: Measures of Variation, Skewness, and Dispersion UNIT 5: Introduction to Correlation and Regression Analysis UNIT 6: Methods of Correlation Analysis UNIT 7: Time Series Analysis UNIT 8: Measuring Trends in Time Series UNIT 9: Introduction to Sampling Theory UNIT 10: Sampling and ... Business Statistics is defined as the systematic practice of collecting, analysing, interpreting, and presenting data, relevant to business operations and decision-making. It serves as a critical tool for organisations to gain insights into their performance, market dynamics, and customer behaviour.
