Business Analytics Lecture 05

Business statistics course, in this course explore the application of statistical methods to analyze and interpret data in business contexts. Topics include descriptive statistics, probability theory, hypothesis testing, regression analysis, and data visualization techniques. Through practical examples and case studies, learners gain insights into how statistics can inform decision-making, market analysis, financial forecasting, and quality improvement initiatives within organizations. Emphasis is placed on understanding statistical concepts, interpreting results, and effectively communicating findings to support evidence-based decision-making processes. By the end of the course, students develop proficiency in utilizing statistical tools and techniques to solve business problems and enhance operational efficiency.