The ultimate purpose of this guide is to give you an introduction to databases, working papers, journals, and other resources of interest that are relevant in Business Statistics. You are encouraged to consult other research guides in the Business subject areas.
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What is "Business Statistics"
What is Business Statistics?
According to BusinessDictionary.com, the definition of Statistics is "Branch of mathematics concerned with collection, classification, analysis, and interpretation of numerical facts, for drawing inferences on the basis of their quantifiable likelihood (probability). Statistics can interpret aggregates of data too large to be intelligible by ordinary observation because such data (unlike individual quantities) tend to behave in regular, predictable manner. It is subdivided into descriptive statistics and inferential statistics."