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Quantitative Business Analysis Notes

BUSS1020 - Quantitative Business Analysis

24 Pages Complete Study Notes Year: Pre-2018

Statistics is the branch of mathematics that transforms numbers into useful information for decision makers. Statistics lets you know about the risks associated with making a business decision and allows you to understand and reduce the variation in the decision-making process. In the business world, statistics involves theses important specific uses: • To visualise and summarise business data • To draw conclusions from those data • To make reliable forecasts about business activities • To improve business processes


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