How Should Statistics Analysis And Business Experience Interact With Each Other?

I doubt a contemporary profit oriented enterprise could survive without statistical analysis. Statistical tools have since quite some time assisted entrepreneurs and decision makers to make well informed decisions at almost every level. At the engineering side of things you have tools like six sigma, while at the marketing, planning or any other financial activity it keeps an individual well informed, for e.g., in new product development. Be it the core activities in the value chain or the support activity, no decision can be made without collating the necessary feedback from internal/external customers.

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