(Answered) 1 you are required to analyse each of the areas of

Statistics

(1) You are required to analyse each of the areas of statistics relating to business decision making explaining in detail what each of them do.

- Descriptive Measures
- Probability
- Sampling Distributions
- Linear Regression
- Time Series Forecasting
-Index Numbers
Decision Making

(2) Additionally you are to explain what advantages and disadvantages each of them have if they are attempted to be used by a finance department to forecast the sales budget for the coming year.

(3) After explaining the relevant advantages and disadvantages you are then required to identify (with reasons) which technique is most appropriate to undertake the task proposed above by the finance department.

(4) Using the technique you have identified as being most appropriate you are then required to analyse AMP given in example of Thomson ONE Banker Analytics website .

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