Business Statistics

Category Archive Business Statistics

Methods of collecting Primary Data – Business Statistics | POM

Business-statisticsReferene Notes | Management
Methods of collecting Primary Data
Business Statistics

Primary Data are the original and fresh data or we can say the first hand data collected for specific purpose of study and it happened to be original in character. These data have not been previously assembled or collected for any known project. Primary data are usually collected by conducting sample survey or experiment, and the data generated by these methods are correspondingly called survey data and experimental data.

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Difference Between Descriptive and Inferential Statistics – Business Statistics

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Reference Notes
Difference between Descriptive Statistics and Inferential Statistics | Business Statistics

Statistics is the art of collecting, analyzing, presenting and interpreting data.

 

Statistics is sub-divided into two categories:

  1. Descriptive Statistics
  2. Inferential Statistics

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