Business Statistics & Statistics

Explore the fascinating world of Statistics with our comprehensive coverage of research, and resources. We provide insights and explanations that will help you deepen your understanding and appreciation of these topics – Introduction to Business Statistics & Statistics, Data Collection, Data: Classification, Tabulation & Graphical Representation, Statistical Series, Measures of Variations, Correlation & Regression Analysis, Sampling, Time Series, etc.

types and sources of data collection, primary data, secondary data, internal data
Business Statistics & Statistics

Internal Data: Definition and Sources of Internal Data Collection

Lata Agarwal

Internal data that originates in the process of keeping records, such as employee earnings from a payroll, sales numbers from a sales journal, and the amount of raw materials, can be used in statistical analysis of various business problems. […]

types and sources of data collection, primary data, secondary data, internal data
Business Statistics & Statistics

Secondary Data: Definition and Sources of Secondary Data Collection

Lata Agarwal

Secondary data is research data that has already been obtained and is available to researchers. The term is in contrast to primary data, which is data acquired directly from its source. […]

types and sources of data collection, primary data, secondary data, internal data
Business Statistics & Statistics

Primary Data: Definition and Sources of Primary Data Collection

Lata Agarwal

Primary data is generally collected directly from the source from which the data originated, and is considered the best type of data in research and study. […]

differences between primary data and secondary data
Business Statistics & Statistics

Difference between Primary Data and Secondary Data

Lata Agarwal

Primary data is the first-hand data collected by the researcher/user himself. Secondary data have already been collected by some other person in the past. […]

types and sources of data collection, primary data, secondary data, internal data
Business Statistics & Statistics

Types, Sources & Methods of Data Collection: Primary Data, Secondary Data, Internal Data

Lata Agarwal

Data is available from three important sources, namely: Primary Sources, Secondary Source, Internal Records. We can either have primary data or secondary data or internal data depending on the source. […]

data information statistical data in statistics
Business Statistics & Statistics

Data, Information and Statistical Data in Statistics

Lata Agarwal

statistical data is a sequence (collection) of observations made on a group of items that are part of a population sample. Statistical data or data can be presented in the following two forms- […]

nature of statistics is statistics a science or an art
Business Statistics & Statistics

Nature of Statistics: Is Statistics a Science or an Art?

Lata Agarwal

Nature of Statistics: Is statistics a science or an art? Statistics is a science, as well as an art. Scientific and artistic viewpoint … […]

distrust of statistics and remedies to remove distrust
Business Statistics & Statistics

Distrust of Statistics & Remedies to Remove Distrust

Lata Agarwal

Normally, distrust in anything arises when one is mislead by it due to a difference between its promises and its performance. […]

Misuse of Statistics
Business Statistics & Statistics

Misuse of Statistics

Lata Agarwal

The biggest limitation of statistics is that it can be manipulated or it can be misused. There are a number of reasons why statistics are misused. […]

Limitations of Statistics
Business Statistics & Statistics

Limitations of Statistics

Lata Agarwal

Statistics are numerical statements of facts. Statistical analysis is not possible for characteristics that cannot be expressed in numbers. […]