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Introduction

In: Statistics for Business and Financial Economics

Author

Listed:
  • Cheng-Few Lee

    (Rutgers University Business School, Department of Finance and Economics)

  • John C. Lee

    (Center for PBBEF Research)

  • Alice C. Lee

Abstract

Statistics is a body of knowledge that is useful for collecting, organizing, presenting, analyzing, and interpreting data (collections of any number of related observations) and numerical facts. Applied statistical analysis helps business managers and economic planners formulate management policy and make business decisions more effectively. And statistics is an important tool for students of business and economics. Indeed, business and economic statistics has become one of the most important courses in business education, because a background in applied statistics is a key ingredient in understanding accounting, economics, finance, marketing, production, organizational behavior, and other business courses.

Suggested Citation

  • Cheng-Few Lee & John C. Lee & Alice C. Lee, 2013. "Introduction," Springer Books, in: Statistics for Business and Financial Economics, edition 3, chapter 0, pages 3-14, Springer.
    • Handle: RePEc:spr:sprchp:978-1-4614-5897-5_1
    DOI: 10.1007/978-1-4614-5897-5_1
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