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What are limitation of statistics?
is not applicable to the qualitative phenomena
What kind of variable is sport in statistics?
It is a qualitative variable.
What are the Importance of statistics in estate management?
important of statistics in estate management
Role of statistics in business management and administration?
Yes
What is the use of statitcs to the management?
Statistics provides management with valuable insights for decision-making by analyzing data trends and patterns. It aids in forecasting, performance evaluation, and quality control, enabling managers to make informed choices and optimize resources. Additionally, statistical tools help assess risks and improve operational efficiency, ultimately supporting strategic planning and competitive advantage. By leveraging statistical analysis, management can enhance overall effectiveness and drive organizational success.
Does qualitative skills include analytical tools such as statistics forecasting risk management and LEAN Six Sigma?
false
What are the steps of the decision support model?
qualative skills include analytical tools such as statistics, forecasting, risk management, and LEAN Six Sigma
What skills utilizes analytical tools such as statistics forecasting and LEAN Six Sigma?
Quantitive Skills
How does a quantitative forecasting differ from a qualitative forecasting?
Qualitative forecasting is an estimating method that relies upon human judgement, usually the judgment of a perceived expert. Quantitative forecasting uses statistics to make predictions on future outcomes. These prior experiences use past trends to try to predict future outcomes.
What has the author John E Hanke written?
John E. Hanke has written: 'Fundamentals of business statistics' -- subject(s): Commercial statistics 'Pronosticos En Los Negocios' -- subject(s): OverDrive, Business, Nonfiction, Text Book 'Business forecasting' -- subject(s): Business forecasting 'Instructor's manual to accompany Business forecasting, 2nd ed' 'Instructor's manual to accompany Business forecasting' -- subject(s): Problems, exercises, Economic forecasting, Business forecasting 'Understanding business statistics' -- subject(s): Statistical methods, Industrial management
What is Qualitative and quantitative methods?
They are methods for analysing statistics in which that data are, respectively, qualitative and quantitative.
What are limitation of statistics?
is not applicable to the qualitative phenomena
In statistics is gender a quantitative variable?
No it is qualitative
What are Numerical and pictorial information about variables are called?
Analytical statistics
What are different fields of statistics?
The two main forms of statistics are qualitative (descriptive) statistics and quantitative (inferential or inductive) statistics.
What are official statistics?
statistics published by governemnet agencies, they provide qualitative or quantitative data
What are the 2 main category of statistics?
Quantitative and Qualitative
