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Category: Statistics

Index Numbers

Management > Managerial Statistics > Introduction to Index Numbers According to the Spiegel: “An index number is a statistical measure, designed to measure changes in a variable, or a group of related variables with respect to time, geographical location or other characteristics such as income, profession, etc.” According to Patternson: “In its simplest form, an […]

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Statistics

Variables in Statistics

A variable is any characteristics, number, or quantity that can be measured or counted. A variable may also be called a data item. It is called a variable because the value may vary between data units in a population, and may change in value over time. For example; ‘income’ is a variable that can vary between data units in a population and can also […]

Statistics

Collection of Primary Data

Management > Managerial Statistics > Collection of Primary Data Methods of Collection of Primary Data: Observation Method: In this method, is obtained by direct observation by the investigator without asking from the respondent. This method is free from the willingness of the respondent and hence the possibility of bias on the part of the respondent […]

Statistics

Stages in the Statistical Survey

Post author By Hemant More
Post date May 31, 2019
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Management > Managerial Statistics > Stages in the Statistical Survey A statistical survey is a scientific process of collection and analysis of numeric data. Human population survey is used in government, health, social science, and marketing sectors. The need for new data starts when data do not yet exist or when existing data do not […]

Tags Execution, planning, Primary data, Survey

Statistics

Characteristics and Limitations of Statistics

Post author By Hemant More
Post date March 10, 2019
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Management > Managerial Statistics > Characteristics, Functions and Limitations of Statistics Characteristics of Statistics: Statistics are aggregate of facts: A single figure cannot be analyzed. A single figure relating to height, production, sales, birth, death etc. cannot be called statistics, but aggregates of such figures like height of students in a class, production of different models […]

Tags Aggregate of facts, Statistical softwares

Statistics

Introduction to Statistics

Post author By Hemant More
Post date March 10, 2019
4 Comments on Introduction to Statistics

Management > Managerial Statistics > Introduction to Statistics What is a Statistic? Statistics has been defined differently by different authors and each author has assigned new limits to the field which should be included in the scope of statistics Seligman, defines “It is a science which deals with the method of collecting, classifying, presenting, comparing and […]

Tags Accounting, Banking, Control, Descriptive statistics, Economics, Hemant More, Hemantmore, Infernial statistics, Marketing, More Hemant, More Shruti, Production, Purchase, Shruti More, shrutimore