June 8, 2014

Statistics - Introduction

Introduction to Probability and Statistics - MBA Course Notes Statistics - Introduction

Statistics - Introduction

Statistics for Management - Revision - Knol - Article - Series

Mean, Median, Mode, Range, Variance, Standard Deviation, Correlation, Regression, Time Series Data Analysis



The word statistik comes from the Italian word statista. It means a statesman. Dr. E.A.W. Zimmerman introduced the work statistics into England and its use was popularized by Sir John Sinclair through his work, Statistical Account of Scotland 1791-1799.
We can identify three subdivisions in statistics now.

Descriptive statistics

Large amount of data is compressed into tables and charts in this branch of statistics.

How to Compute Mean, Median, Mode, Range, and Standard Deviation?

Inferential statistics

This branch of statistics deals with generalizing observations from samples to populations and statements about the probability of their validity.

Decision theory

This branch of statistics deals with decisions under risk and uncertainty
Five study material links are provided below for the five topics that form the foundation for a basic understanding of application of statistics.
Introduction, Organizing Data, Summary Measures of Data, Correlation and Regression, and Times Series Data Analysis
Statistics - Study Materials
1. Introduction
2. Organizing Data
3. Numerical Descriptive Measures - Mean, Median, Mode and Range, Variance , Standard Deviation
4. Regression and Correlation
Example Problems
5. Time Series Data Analysis and Forecasting
Example Problems
Course Page - Foundation Course in  Statistics

University of South Maine

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