., Applied Statistics

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Theories of Business forecasting

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Mode, Mode Mode is the value of the observation which occurs with the  ...

Mode Mode is the value of the observation which occurs with the   greatest  frequency and thus  it is the most fashionable value, Mode has been derived from French  word  La  m

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"index number is an economic barometer" comment on this statement

Convenience sampling, Convenience Sampling It means a convenient sample...

Convenience Sampling It means a convenient sample is obtained by selecting convents units from the universe. Convenient sample is also known as chunk. It   means a fraction of

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Given a certain population there are various ways in which a sample may be drawn from it. The chart below illustrates this point: Figure 1 In  Judgem

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Sequential Sampling Under this method, a number of sample lots are drawn one after another from a universe depending on the results of the earlier samples. Such sampling is gen

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Examine properties of good average with reference to AM, GM, HM, MEAN MEDIAN MODE

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business forecasting, Explain the characteristics of business forecasting

Explain the characteristics of business forecasting.

Stratified sampling, Stratified Sampling Stratified Sampling is ...

Stratified Sampling Stratified Sampling is generally used when the population is heterogeneous. In this case, the population is first subdivided into several parts (or s

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