Synopsis
Excerpt from Business Statistics, Vol. 3
This book has been prepared to bring together, in a form accessible for class use, scattered articles and selections upon the subject of business statistics. It is designed primarily for purposes of instruction in the course in Business Statistics in the Harvard Graduate School of Business Administration. The subject is one to which scientific attention has only recently been directed; consequently there is a dearth of published material which is strictly scientific. For this reason some selections have been included which are not fully satisfactory but which suggestively furnish a basis for class discussion. The inclusion of any selection does not imply that the methods used or the conclusions reached meet with the editor's full approval.
Business statistics, it may be stated, are numerical statements of facts, exclusive of financial accounts, which are used in business administration. These statistics are of two general classes - (I) external statistics, generally publicly available, which indicate the general trend of business and market conditions, and (2) internal statistics, which are concerned with the private operations of an individual business establishment. Examples of the first class are the statistics of manufactures, agriculture, and population collected by the United States Bureau of the Census, railroad and other public utility statistics published by the Interstate Commerce Commission and by state commissions, banking and financial statistics published in the financial journals, price and production statistics published in trade papers, and the reports of trade associations. Internal statistics include those obtained from the sales, advertising, and factory reports of an individual firm or company. Such reports and records are used in business establishments of all sorts, both large and small.
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Business Statistics, Vol. 3 (Classic Reprint)
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Paperback. Etat : New. Print on Demand. This book offers a comprehensive guide to the use of statistics in business management, a field that was just beginning to be explored in the early 20th century. The author, a pioneer in the field, emphasizes the importance of reliable statistics in making informed decisions and eliminating guesswork. The book delves into the fundamental principles of collecting, classifying, and presenting data effectively, covering both external sources like government reports and internal records kept within companies. The author examines different types of statistical units, highlighting the importance of defining them precisely to avoid inaccuracies. A particular emphasis is placed on the use of averages, modes, and medians to summarize data and establish standards of performance, with examples drawn from various industries. The book explores the challenges of obtaining reliable statistics due to inconsistent accounting practices and provides insights into how standardized accounting methods can improve the value of business data. This book is a valuable resource for understanding the early development of business statistics and its significance for informed decision making in the industrial age. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. N° de réf. du vendeur 9781440036378_0
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Business Statistics, Vol 3 Classic Reprint
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PAP. Etat : New. New Book. Shipped from UK. Established seller since 2000. N° de réf. du vendeur LW-9781440036378
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Business Statistics, Vol 3 Classic Reprint
Vendeur : PBShop.store UK, Fairford, GLOS, Royaume-Uni
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PAP. Etat : New. New Book. Shipped from UK. Established seller since 2000. N° de réf. du vendeur LW-9781440036378
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