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Business Statistics (Classic Reprint)

Business Statistics (Classic Reprint)

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By Melvtn T. CopelandIt is the purpose of this chapter to explain the fundamental principles of statistical theory and method which should be observed in the collection, classification, and presentation of statistics to be utilized in business adrninistration. Although only a means to an end, reliable statistics furnish one of the essential bases for the formulation of administrative policies. The solution of many a managerial problem in a business establishment is found by a stucy of the statistical records of past experience and present operations. The statistics, to be sure, seldo'm furnish all of the necessary information for the solution of a problem or the deter-miiation of a policy, but they generally provide a more definite knowledge of pertinent facts than can otherwise be obtained. Statistical records and reports help to eliminate guess work and obvi te the necessity of placing reliance upon impressions or recol-lertions which may be partial or faulty. In collecting, classTable of Contents STATISTICAL METHODS; face; I Statistical Methods 3; By Melvin T Coieland; II Statistical Units 29; By g p Watkjns; III Index Numbers S2; By Wesley C Mitchell; CHAPTER II; STATISTICAL INDICES OF BUSINESS CONDITIONS; I Statistical Indices of Business Conditions 98; By Meiatn T Coteland; II Current Theory Concerning Business Cycles132; By Wesley c Mitchell; III Government Crop Reports 138; Bureau or Crop Estimates, u s Department of Agriculture; IV Current Sources or Information in Produce Markets 161; By Broce d Mokcett; CHAPTER III; SALES AND ADVERTISING STATISTICS; Introduction178; I, Considerations of the Market186; By A W Shaw; II Why and How a Manufacturer Should Maxe Trade Investigations'197; By c c Parlin; III Finding the Facts that Count207; By J g Fredericks and F M Feiker; IV Demand Among Owners of Homes 217; V Planning Next Year's Business223; By Melville W Mix; VI Sales Development230; VII Nee