Introduction
The book Applied Statistics in Business and Economics revolves around the real-life economics and business situations. However, in the breakneck world of economics and business, getting an accurate information and knowledge is really valuable. On the other hand, the readers can learn various interesting topics relating to business and economics through this text book. So, you can figure out different market trends, predict how much customers want to buy your product and how to make helpful decisions.
Robert M Leekley defines the whole aspects and features of this book in an accurate manner that can persuade a huge number of readers worldwide. Moreover, the readers can read and download this PDF from our website downloadebookpdfs. Additionally, they can also feel free to download other PDF eBooks from this website.
| Book | Applied Statistics in Business and Economics |
| Publisher | McGraw Hill |
| Author | Robert M Leekley |
| Publication Date | 2015 |
| Pages | 887 |
| Genre | statistics and economics |
| Language | Engliah |
| Size | 41.4 MB |
Summary/Plot
Applied Statistics in Business and Economics elaborates various methods and concepts that the readers can understand more about data, business and economics. You can also learn about how to use the data in different businesses. Additionally, it defines various topics step by step though different chapters, aimed to elaborate the core ideas od economics and business in an accurate manner for the better understanding of readers. So, it covers the following topics.
Foundation for Understanding Data
- This book begins with the teaching of basic data. However, the author introduces different methods for describing the data such as graphics, charts and summary statistics. In this way the readers can learn more about the central tendency, dispersion. Additionally, you can also learn about how to identify different patterns and trends within the datasets.
Probability
- It talks about the Probability and explain simple Probability ideas such as Bayes and Theorem. Moreover, these theorems help you guess how likely something is to happen, considering what you already know. Knowing about theorems is really important for various crucial tasks such as taking risks and making decisions in business.
Sampling
- This guide elaborates sampling and the author states that Sampling plays a vital role in statistics. So, it teaches us about how we can choice a small group of data that can represent a bigger group. Moreover, during this process, you can develop your own predictions about the bigger group without looking at the pieces of every single data. On the other hand, this guide also elaborates various sampling techniques and the writer defines how the sample size can impacts the reliability of inferences.
Expanding on the idea of Sampling
- The author teaches us about the estimation and confidence intervals. So, the readers can build their ability to estimate population parameters based on just a sample. On the other hand, it also teaches us about confidence intervals, from where you can find the real probably answers. It assists us how to understand the interpretations of findings.
Hypothesis Testing
- The writer of this guide explains the important statistical method called Hypothesis Testing. However, in this portion, we can understand about how to spot connections between things in data (like if studying more leads to better grades). Then, it shows you how to design experiments or surveys to see if those connections are real, not just a coincidence. Additionally, Hypothesis Testing is important task which give different concepts about the effectiveness of marketing and factors that can influence consumer behavior.
Ways to test Hypotheses
- This book defines several types of Hypotheses testing such as test for one or two samples. On the other hand, it also explores various techniques for analyzing the categorical data. In this section the readers can learn an important method for comparing across multiple groups called Analysis of Variance.
Regression Analysis
- This text elaborates the term Regression Analysis in which the readers can understand about how two groups are connected. Moreover, it starts with simple regression in which we can know about how a straight line can connect the two numbers. We can also learn about in which directions these connections goes and how we can use them to make a helpful prediction.
Multiple Regressions
- It defines the multiple regressions which are considered to be much more complicated. In this portion, you can understand about how one thing can be connected to several other things. So, you can better understand that how several factors can perform together to influence on certain results.
Time Series Analysis
- Time Series Analysis is the last chapter of this text book. However, in this chapter we can know about how to analyze the data point collected over the time. Moreover, you can also learn more about different methods for finding trends, seasonality and cycles with in time-series data. These whole ideas and methods can enhance your prediction abilities and business decisions.
Writing Method of Author
Robert M Leekley ways of writing in this book is descriptive and engaging. He elaborates the over all features and aspects in a simple but detailed way. However, the author uses simple words and language to balance the tone and pace of plot-lines. He also avoids complicated vocabularies and extra idioms throughout the story, aimed to elaborate the core ideas and methods in an easy manner.
Moreover, the author encourages the readers to think critically and allow them to come up with own thoughts about the future of this book. On the other hand, the writer also includes various stories and real examples to further elaborate the key concepts and ideas of this guide book. Afterall, he defines several concepts and methods step by step through different chapters that can assist the readers to understand things easily.
Significant Recognitions
The book Applied Statistics in Business and Economics has received generally positive feedbacks and comments from its critics and readers since its publication. This book has been venerated for its engaging writing style, in-depth plot-lines and advanced concepts and methods. Moreover, this book has been translated into different other languages worldwide and it also has been sold millions of copies upon its publication. Additionally, many of popular media publications such as The New York Times had showered their positive feedbacks for this book. It received 4.2 out of 5 stars from Amazon and Goodreads.
Key Features
Applied Statistics in Business and Economics has the following Key Features.
Realistic
- The author of this text uses real examples and stories to elaborate how statistics is important for business and economics.
Significant Analysis
- It defines the whole aspects and features of Applied Statistics in Business and Economics from simple probability to regression. So, the reader can know about the Applied Statistics in Business and Economics in an accurate way.
Easily Accessible
- The writer of this guide uses simple tone and words to define the most complex ideas and methods of Applied Statistics in Business and Economics. So, the readers can easily access and understand them without ant trouble.
Empirical
- In each chapter, you can find various practical exercises and problem-solving buckets that can assist you about how to use the statistical methods in real life situations.
Focus on Understanding
- The book isn’t just about crunching numbers but it teaches you to turn them into useful knowledge. Moreover, the readers can learn to see what the data means and use that to make better decisions.
Benefits of Learning Applied Statistics in Business and Economics
Learning Applied Statistics in Business and Economics has the following benefits.
Smart Choices
- Through learning significant methods and ideas, the readers can make better decisions and plannings for the businesses.
Better Job Opportunities
- As we know that statistical literacy is a valuable skill in today’s data driven economy. So, you can easily get a better job for you in market through statistical literacy.
Enhance Problem Solving Skills
- It assists the people solve various tough problems by breaking down then into various small parts. Moreover, they can also understand the date in an accurate manner.
Better Predictions
- Through various statistical models the readers can make better decisions and plans for their businesses.
Enhance Communication Skills
- The interpretation of data can enhance the readers communication skills, collaborative working attitude and skills to buildings consensus in organization.
Final Thoughts
Applied Statistics in Business and Economics is more than a friendly book in which we can understand how data can help in making better business decisions. Whether you have little bit knowledge about statistics and business or just a beginner, this text book can be your better choice.
If you are looking for a book just like it, then don’t waste your precious time, just grab it and know a lot what you need. This book is suitable for students and other professionals who desires to make the career in statistics and business. I recommend this text to all of them who love read statistics and economic related books.