quantitative techniques, Applied Statistics

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use of quantitative techniques in public sector

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Methods of Forecasting  Various techniques which are generally used in business forecasting are as under: 1.      Forecasting  through the opinion of heads  of department

Standard erro, practical application of standard error

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Mean Absolute Deviation To avoid the problem of positive and negative deviations canceling out each other, we can use the Mean Absolute Deviation which is given by

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Old Faithful Geyser in Yellowstone National Park derives its names and fame from the regularity (and beauty) of its eruptions. Rangers usually post the predicted times of eruptions

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Advantages of Sampling Why should we settle on a sample instead of studying the entire population?  Sampling has the following advantages over a census (study of the entire pop

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