What are the uses of statistics in business management?

You can use sever statistical strategies to improve management by analyzing existing data of your business processes. It helps you to make better decisions using information available in the company/organization, which is produced from daily operation. read more

Statistics have many applications in business, such as in a manager's role in performance management. A manager collects data about employee productivity, such as the number of tasks completed or the number of units produced. read more

Statistics can be used for marketing and market analysis. For example, a business might use statistical techniques to estimate the size of a particular industry, and then use its own internal data to estimate its share of the market. read more