Statistics for business

Statistics for Business offers a first-level quantitative critical tool for managers to take effective and efficient decisions. Demands for quality and quick business decisions affecting short and long-range business have demonstrated that Statistics for Business is vital for the survival and development of firms and of national economies. An understanding of data collection, analysis, and business interpretation is a necessary part of any outstanding business education. The field of Statistics for Business ranges from AI and high-tech manufacturing to sophisticated services. Furthermore, Statistics and Econometrics development are included in the business academic programs of all important universities. Moreover, most winners of the Nobel prize for Economics had significant direct contributions to the development of Statistics and used in their researches Statistics and Econometrics analysis. Last but not least Statistics for Business is the seed for Econometrics and their combined use as quantitative means to justify decisions based on facts contributes to sustainable economic growth and profitable business.