Business Statistics By J K Sharma !EXCLUSIVE! Free Pdfrar
Business Statistics By J K Sharma !EXCLUSIVE! Free Pdfrar
Business Statistics By J K Sharma Free Pdfrar
a statistical analysis is the combination of statistical data and business data into a single study. it helps a company in drawing a conclusion based on their business and the available statistics. statistics can be used to calculate and measure a number of important factors such as:
finding a reliable sample – it is the process of sample selection that allows statistical data to be used in business. sample selection is done as per the requirements of business study. the size of the sample should be optimal, and should be drawn from a population that is as similar to the business as possible.
errors in measurement – the recorded or measured value of a variable in a study may not be accurate or may not be precisely updated. in statistics, the error in measurement is considered to be a negative or positive value that measures the distance between the recorded value and the true value.
an activity logging system is a continuous operational log data storage and management system that is used by businesses for analyzing and managing their activities. these continuous operational log data includes time intervals and resources used in the business which are useful for understanding the business performance and planning future activities. the activities done by the business and activity logs that are generated by business managers can be used to predict performance trends and analyze real-time business performance and efficiency. some of the popular activity monitoring techniques include the resource usage monitoring, time-based logging, and continuous activity logging systems.
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