Introduction

Cheng-Few Lee, John C. Lee and Alice C. Lee
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Cheng-Few Lee: Rutgers University Business School, Department of Finance and Economics
John C. Lee: Center for PBBEF Research

Chapter Chapter 1 in Statistics for Business and Financial Economics, 2013, pp 3-14 from Springer

Abstract: Abstract Statistics is a body of knowledge that is useful for collecting, organizing, presenting, analyzing, and interpreting data (collections of any number of related observations) and numerical facts. Applied statistical analysis helps business managers and economic planners formulate management policy and make business decisions more effectively. And statistics is an important tool for students of business and economics. Indeed, business and economic statistics has become one of the most important courses in business education, because a background in applied statistics is a key ingredient in understanding accounting, economics, finance, marketing, production, organizational behavior, and other business courses.

Keywords: Inferential Statistic; Gross National Product; Baseball Player; Weight Watcher; Super Bowl (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-1-4614-5897-5_1

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DOI: 10.1007/978-1-4614-5897-5_1

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