June 2014
Beginner to intermediate
288 pages
7h 2m
English
Content preview from Better Business Decisions from Data
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PART VI
Forecasts
Prediction is very difficult, especially about the future.
—Niels Bohr
So far we have been examining the use of statistics in describing present or past situations. Usually, of course, we gain such understanding in order to make decisions for the future—in other words, we are interested in forecasting. In this part, we shall see the ways in which statistics can help in forecasting.
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