Description
- Write an essay about the use of Statistics in international business
Explanation & Answer
Attached.
Running head: USE OF STATISTICS IN INTERNATIONAL BUSINESS
Use of statistics in International Business
Name of student
Institution Affiliation
Date
1
USE OF STATISTICS IN INTERNATIONAL BUSINESS
2
Introduction
Statistics is essential in businesses since it provides information related to financial
markets and organizational ratings, among others functions. Timely information is essential in
making decisions that affect a business. With statistical tools, timely information is collected and
used to inform business decisions. The applications of statistics in business are limitless,
provided the management is knowledgeable on how to take advantage of the insights provided
by statistics. The rise of tools for collecting and analyzing statistical data has made statistics an
indispensable aspect of businesses. Some of the applications of statistics by international
businesses are to measure performance, in forecasting and to conduct market research
Use of statistic in international business
One application of statistics by international businesses...
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