Organized into 12 chapters, this book begins with an overview of the forecasting techniques that are useful in decision making. This text then discusses the difficulties in interpreting an apparent trend and discusses its implications. Other chapters consider how a time series is analyzed and forecast by discussing the methods by which a series can be generated. This book discusses as well the views of most academic time series analysts regarding the usefulness of searches for cycles in most economic and business series. The final chapter deals with the techniques developed for forecasting.
This book is a valuable resource for senior undergraduates in business, economics, commerce, and management. Graduate students in operations research and production engineering will also find this book extremely useful.
A classic text for accuracy and statistical precision.
Statistics for Business and Economics enables readers to conduct serious analysis of applied problems rather than running simple “canned” applications. This text is also at a mathematically higher level than most business statistics texts and provides readers with the knowledge they need to become stronger analysts for future managerial positions.
The eighth edition of this book has been revised and updated to provide readers with improved problem contexts for learning how statistical methods can improve their analysis and understanding of business and economics.