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Statistical Methods: Basic Inferences

In: Essentials of Business Analytics

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  • Vishnuprasad Nagadevara

    (IIM-Bangalore)

Abstract

The purpose of statistical analysis is to glean meaning from sets of data in order to describe data patterns and relationships between variables. In order to do this, we must be able to summarize and lay out datasets in a manner that allows us to use more advanced methods of examination. This chapter introduces fundamental methods of statistics, such as the central limit theorem, confidence intervals, hypothesis testing and analysis of variance (ANOVA).

Suggested Citation

  • Vishnuprasad Nagadevara, 2019. "Statistical Methods: Basic Inferences," International Series in Operations Research & Management Science, in: Bhimasankaram Pochiraju & Sridhar Seshadri (ed.), Essentials of Business Analytics, chapter 0, pages 137-178, Springer.
    • Handle: RePEc:spr:isochp:978-3-319-68837-4_6
    DOI: 10.1007/978-3-319-68837-4_6
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