This book is useful for the postgraduate students of business management and statistics. The objective of this book is not only to make the students to get a basic understanding of statistical techniques but also to get a thorough understanding of how to apply the techniques for practical cases which can be applied during their project work and even when the students enter the industry after finishing their courses. The text uses simple analytical techniques to solve real-time business problems. The solutions to problems contain step-by-step instructions and Excel screenshots to reinforce the understanding of the topics.
This text will help students to:
• develop the necessary skills to solve practical decision problems using Excel spreadsheets
• acquire knowledge of data analysis software for business modelling
• use analytical techniques which they had learnt to solve real-time problems.