Business planning requires looking into the future. Time series analysis helps identify trends, seasonal patterns, and cyclical fluctuations. Techniques Smoothing out short-term fluctuations. Exponential Smoothing: Weighting recent data more heavily.
You cannot survey every customer, so you must use sampling. This section covers how to ensure your small group accurately represents the whole. Core Topics Random, stratified, and cluster sampling. ba4101 statistics for management notes pdf
Summarizing data via mean, median, and mode. Business planning requires looking into the future
Testing the independence of two categorical variables. ba4101 statistics for management notes pdf