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APPLICATIONS OF STATISTICS TOOLS IN BUSINESS
Subject area: Management and Commerce · Area of research: managemnt
Abstract
The effective functioning of the any business, Statistics is indispensable. Different department and authorities require various facts and figures on different matters. They use various statistical tools and techniques to frame and execute the policies and guidelines in order to perform smoothly. Traditionally, people used statistics to collect data pertaining to manpower, crimes, wealth, income, etc. for the formation of suitable military and fiscal policies. Over the years, with the change in the nature of functions of the State from maintaining law and order to promoting human welfare, development of technology the scope of the application of statistics has changed nowadays. Today, the business and technology developers collect statistics through their agencies on multiple aspects like population, agriculture, defense, national income, oceanography, natural resources, space research, old technology and their impact etc. Further, nearly all publics and private business and technology developers, rely heavily on statistics for their smooth functioning. Also, the availability of statistical information enables to frame new policies and guidelines to improve the overall working of the system.
Keywords
Statistics, Technology, Tools etc
References
[1] Satake EB. Statistical Methods and Reasoning for the Clinical Sciences Evidence-Based Practice. Ist ed. San Diego: Plural Publishing, Inc; 2015. pp. 1–19
[2] Bajwa SJ. Basics, common errors and essentials of statistical tools and techniques in anesthesiology research. J Anaesthesiol Clin Pharmacol. 2015;31:547–53
[3] Anderson, D.R.; Sweeney, D.J.; Williams, T.A. (1994) Introduction to Statistics: Concepts and Applications, pp. 5–9. West Group. ISBN 978-0-314-03309-3
[4] Dodge, Y. (2006) The Oxford Dictionary of Statistical Terms, Oxford University Press. ISBN 0-19-920613-9
[5] Google Search Engine
How to cite this paper
@article{1701126,
author = {ASWIN KUMAR},
title = {APPLICATIONS OF STATISTICS TOOLS IN BUSINESS},
journal = {Iconic Research And Engineering Journals},
year = {2019},
volume = {2},
number = {10},
pages = {51-54},
issn = {2456-8880},
url = {https://www.irejournals.com/formatedpaper/1701126.pdf},
abstract = {The effective functioning of the any business, Statistics is indispensable. Different department and authorities require various facts and figures on different matters. They use various statistical tools and techniques to frame and execute the policies and guidelines in order to perform smoothly. Traditionally, people used statistics to collect data pertaining to manpower, crimes, wealth, income, etc. for the formation of suitable military and fiscal policies. Over the years, with the change in the nature of functions of the State from maintaining law and order to promoting human welfare, development of technology the scope of the application of statistics has changed nowadays. Today, the business and technology developers collect statistics through their agencies on multiple aspects like population, agriculture, defense, national income, oceanography, natural resources, space research, old technology and their impact etc. Further, nearly all publics and private business and technology developers, rely heavily on statistics for their smooth functioning. Also, the availability of statistical information enables to frame new policies and guidelines to improve the overall working of the system.},
keywords = {Statistics, Technology, Tools etc},
month = {April},
}