Why Statistics?

The questions that arise in management every day have, for the most part, statistical answers. Some examples will show this clearly. Did the advertising campaign have the desired effect? How would one know? Should I buy from supplier A or supplier B? When will the consequences of such a decision be felt? How accurate and [...]

Share|
Posted Under: Scientific Thinking,Statistical Thinking
This post was written by John on June 19, 2006 Comments (0)

Prediction

Management is Prediction

Share|
Posted Under: Statistical Thinking
This post was written by John on October 16, 2005 Comments (0)

Statistics and Predictions

The typical response when a course in statistics is either horror or fear. For some reason, it has a bad name. Yet, there is probably no branch of mathematics more useful to the common man other than, perhaps, algebra. I’d put statistics ahead of algebra, but that’s just me. Much of life is prediction of [...]

Share|
Posted Under: Statistical Thinking
This post was written by John on September 8, 2005 Comments (0)