This course is design for under graduate programs of business administration and commerce education. Statistics is how we gather, analyze, present and interpret data.In the business community, managers must make decisions based on what will happen to to such things as demand, cost and profits.These decisions are an effort to shape the future of the organization. Business Statistics refers to the application of Statistical tools and techniques to business and managerial problems for the purpose of decision making.
This course will introduce to students to statistical analysis and how it relates to business.The course will enable the students to understand the basic concepts of statistics and descriptive form and learn the quantiative techniques to solve complex business problems.This course will also enable the students to find the reasons of business issues with the help of regression analysis.Thsi course is a pre-requisite for inferential statistics course.This course will also cover the knowledge of some statistical softwares such as SPSS,Minitab etc.This computational learning will improve the analytical skills of students.
- Wathen, S., Marchal, W. & Lind, D.(2017).Statistical Techniques in business and econometrics.New York: McGraw-Hill.
- Sharma,J.K.(2012).Business statistics.India:Pearson Educaion India