An Overview and Definitions
Business statistics can be viewed from two perspectives. One focuses on the use of the statistics themselves. The other sees business statistics as a practitioner-based discipline. To the user, business statistics are intended to be helpful information pertaining to the efficacy of either a company (e.g., financial statements and financial ratios at a particular point in time over several time periods), an industry (e.g., a series of data or an index constructed over time), or the overall economy. The information gleaned is often intended to help the user in making decisions regarding planning, monitoring or investing. To the practitioner, however, business statistics is a particular academic branch of study, similar to other applications-based branches of statistics such as agricultural statistics, astrostatistics, biostatistics, educational statistics, medical statistics, psychological statistics and sociological statistics. The operational definition of...
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References and Further Reading
Berenson ML, Levine DM, Krehbiel TC (2009a) Basic business statistics: concepts and applications, 11th edn. Prentice Hall, Upper Saddle River, NJ
Berenson ML, McKenzie J, Ord JK (2009b) Statistics in business schools: the future? In: Proceedings of the joint statistical meetings, Washington, DC, 2009
Box GEP, Hunter WG, Hunter JS (1978) Statistics for experimenters. Wiley, New York
Croxton FE, Cowden DJ (1955) Applied General Statistics, 2nd edn. Prentice Hall, Englewood Cliffs, NJ
Cryer J, Miller R (1991) Statistics for business: data analysis and modeling. PWS-Kent, Boston
Deming WE (1986) Out of the crisis. MIT Center for Advanced Engineering Study, Cambridge, MA
Hoerl R, Snee RD (2002) Statistical thinking: improving business performance. Duxbury, Pacific Grove, CA
Roberts HV (1988) Data analysis for managers with minitab. Scientific Press, Redwood City, CA
Schlaifer R (1961) Introduction to statistics for business decisions. McGraw-Hill, New York
Tiao G, Roberts HV, Easton G, organizers (1986) First annual conference on making statistics more effective in schools and business (MSMESB). The University of Chicago, June 20–21, 1986
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Berenson, M.L. (2011). Business Statistics. In: Lovric, M. (eds) International Encyclopedia of Statistical Science. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-04898-2_7
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DOI: https://doi.org/10.1007/978-3-642-04898-2_7
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