Introduction to Business and Financial Statistics
Assignment help is an online tutoring site which caters to all the needs and requirements of the students by providing guidance of professional tutors in various fields. One such subject is statistics in which the students can seek assistance of our expert tutors. In statistics the students can get help in various sub-disciplines like introduction to business and financial statistics. Business statistics is the science of good decision making in the face of uncertainty and is used in many disciplines such as financial analysis, econometrics, auditing, production and operations including services improvement, and marketing research. These sources feature regular repetitive publication of series of data. This makes the topic of time series especially important for business statistics. It is also a branch of applied statistics working mostly on data collected as a by-product of doing business or by government agencies. It provides knowledge and skills to interpret and use statistical techniques in a variety of business applications. A typical business statistics course is intended for business majors, and covers statistical study, descriptive statistics (collection, description, analysis, and summary of data), probability, and the binomial and normal distributions, test of hypotheses and confidence intervals, linear regression and correlation. This course introduces the technical skills required for data-driven analysis of business and financial data. Emphasis is placed on applying statistical methods to summarize and make inferences from complex data and to develop quantitative models to assist business decision making. This subject includes topics like understanding the concept of risk, portfolio construction and analysis, valuing options, testing trading systems, and simulation techniques.
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