Statistical Practice in Business and Industry

Statistical Practice in Business and Industry PDF Author: Shirley Coleman
Publisher: John Wiley & Sons
ISBN: 0470997478
Category : Mathematics
Languages : en
Pages : 450

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Book Description
This book covers all the latest advances, as well as more established methods, in the application of statistical and optimisation methods within modern industry. These include applications from a range of industries that include micro-electronics, chemical, automotive, engineering, food, component assembly, household goods and plastics. Methods range from basic graphical approaches to generalised modelling, from designed experiments to process control. Solutions cover produce and process design, through manufacture to packaging and delivery, from single responses to multivariate problems.

Statistical Practice in Business and Industry

Statistical Practice in Business and Industry PDF Author: Shirley Coleman
Publisher: John Wiley & Sons
ISBN: 0470997478
Category : Mathematics
Languages : en
Pages : 450

Get Book Here

Book Description
This book covers all the latest advances, as well as more established methods, in the application of statistical and optimisation methods within modern industry. These include applications from a range of industries that include micro-electronics, chemical, automotive, engineering, food, component assembly, household goods and plastics. Methods range from basic graphical approaches to generalised modelling, from designed experiments to process control. Solutions cover produce and process design, through manufacture to packaging and delivery, from single responses to multivariate problems.

Methods and Applications of Statistics in Business, Finance, and Management Science

Methods and Applications of Statistics in Business, Finance, and Management Science PDF Author: Narayanaswamy Balakrishnan
Publisher: John Wiley & Sons
ISBN: 0470405104
Category : Mathematics
Languages : en
Pages : 735

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Book Description
Inspired by the Encyclopedia of Statistical Sciences, Second Edition, this volume presents the tools and techniques that are essential for carrying out best practices in the modern business world The collection and analysis of quantitative data drives some of the most important conclusions that are drawn in today's business world, such as the preferences of a customer base, the quality of manufactured products, the marketing of products, and the availability of financial resources. As a result, it is essential for individuals working in this environment to have the knowledge and skills to interpret and use statistical techniques in various scenarios. Addressing this need, Methods and Applications of Statistics in Business, Finance, and Management Science serves as a single, one-of-a-kind resource that guides readers through the use of common statistical practices by presenting real-world applications from the fields of business, economics, finance, operations research, and management science. Uniting established literature with the latest research, this volume features classic articles from the acclaimed Encyclopedia of Statistical Sciences, Second Edition along with brand-new contributions written by today's leading academics and practitioners. The result is a compilation that explores classic methodology and new topics, including: Analytical methods for risk management Statistical modeling for online auctions Ranking and selection in mutual funds Uses of Black-Scholes formula in finance Data mining in prediction markets From auditing and marketing to stock market price indices and banking, the presented literature sheds light on the use of quantitative methods in research relating to common financial applications. In addition, the book supplies insight on common uses of statistical techniques such as Bayesian methods, optimization, simulation, forecasting, mathematical modeling, financial time series, and data mining in modern research. Providing a blend of traditional methodology and the latest research, Methods and Applications of Statistics in Business, Finance, and Management Science is an excellent reference for researchers, managers, consultants, and students in the fields of business, management science, operations research, supply chain management, mathematical finance, and economics who must understand statistical literature and carry out quantitative practices to make smart business decisions in their everyday work.

The Role of Statistics in Business and Industry

The Role of Statistics in Business and Industry PDF Author: Gerald J. Hahn
Publisher: John Wiley & Sons
ISBN: 1118211464
Category : Mathematics
Languages : en
Pages : 302

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Book Description
An insightful guide to the use of statistics for solving key problems in modern-day business and industry This book has been awarded the Technometrics Ziegel Prize for the best book reviewed by the journal in 2010. Technometrics is a journal of statistics for the physical, chemical and engineering sciences, published jointly by the American Society for Quality and the American Statistical Association. Criteria for the award include that the book brings together in one volume a body of material previously only available in scattered research articles and having the potential to significantly improve practice in engineering and science. Highlighting the relevance of statistical methods in everyday applications, The Role of Statistics in Business and Industry bridges the gap between the tools of statistics and their use in today's business world. This one-of-a-kind resource encourages the proactive use of statistics in three well-organized and succinct parts: Setting the Stage provides an introduction to statistics, with a general overview of its uses in business and industry Manufactured Product Applications explains how statistical techniques assist in designing, building, improving, and ensuring the reliability of a wide variety of manufactured products such as appliances, plastic materials, aircraft engines, and locomotives Other Applications describe the role of statistics in pharmaceuticals, finance, and business services, as well as more specialized areas including the food, semiconductor, and communications industries This book is truly unique in that it first describes case studies and key business problems, and then shows how statistics is used to address them, while most literature on the topic does the reverse. This approach provides a comprehensive understanding of common issues and the most effective methods for their treatment. Each chapter concludes with general questions that allow the reader to test their understanding of the presented statistical concepts as well as technical questions that raise more complex issues. An extensive FTP site provides additional material, including solutions to some of the applications. With its accessible style and real-world examples, The Role of Statistics in Business and Industry is a valuable supplement for courses on applied statistics and statistical consulting at the upper-undergraduate and graduate levels. It is also an ideal resource for early-career statisticians and practitioners who would like to learn the value of applying statistics to their everyday work.

Introductory Business Statistics 2e

Introductory Business Statistics 2e PDF Author: Alexander Holmes
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 1801

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Book Description
Introductory Business Statistics 2e aligns with the topics and objectives of the typical one-semester statistics course for business, economics, and related majors. The text provides detailed and supportive explanations and extensive step-by-step walkthroughs. The author places a significant emphasis on the development and practical application of formulas so that students have a deeper understanding of their interpretation and application of data. Problems and exercises are largely centered on business topics, though other applications are provided in order to increase relevance and showcase the critical role of statistics in a number of fields and real-world contexts. The second edition retains the organization of the original text. Based on extensive feedback from adopters and students, the revision focused on improving currency and relevance, particularly in examples and problems. This is an adaptation of Introductory Business Statistics 2e by OpenStax. You can access the textbook as pdf for free at openstax.org. Minor editorial changes were made to ensure a better ebook reading experience. Textbook content produced by OpenStax is licensed under a Creative Commons Attribution 4.0 International License.

Applied Data Mining for Business and Industry

Applied Data Mining for Business and Industry PDF Author: Paolo Giudici
Publisher: John Wiley & Sons
ISBN: 0470745827
Category : Mathematics
Languages : en
Pages : 258

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Book Description
The increasing availability of data in our current, information overloaded society has led to the need for valid tools for its modelling and analysis. Data mining and applied statistical methods are the appropriate tools to extract knowledge from such data. This book provides an accessible introduction to data mining methods in a consistent and application oriented statistical framework, using case studies drawn from real industry projects and highlighting the use of data mining methods in a variety of business applications. Introduces data mining methods and applications. Covers classical and Bayesian multivariate statistical methodology as well as machine learning and computational data mining methods. Includes many recent developments such as association and sequence rules, graphical Markov models, lifetime value modelling, credit risk, operational risk and web mining. Features detailed case studies based on applied projects within industry. Incorporates discussion of data mining software, with case studies analysed using R. Is accessible to anyone with a basic knowledge of statistics or data analysis. Includes an extensive bibliography and pointers to further reading within the text. Applied Data Mining for Business and Industry, 2nd edition is aimed at advanced undergraduate and graduate students of data mining, applied statistics, database management, computer science and economics. The case studies will provide guidance to professionals working in industry on projects involving large volumes of data, such as customer relationship management, web design, risk management, marketing, economics and finance.

Systems Engineering in the Fourth Industrial Revolution

Systems Engineering in the Fourth Industrial Revolution PDF Author: Ron S. Kenett
Publisher: John Wiley & Sons
ISBN: 1119513944
Category : Technology & Engineering
Languages : en
Pages : 660

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Book Description
An up-to-date guide for using massive amounts of data and novel technologies to design, build, and maintain better systems engineering Systems Engineering in the Fourth Industrial Revolution: Big Data, Novel Technologies, and Modern Systems Engineering offers a guide to the recent changes in systems engineering prompted by the current challenging and innovative industrial environment called the Fourth Industrial Revolution—INDUSTRY 4.0. This book contains advanced models, innovative practices, and state-of-the-art research findings on systems engineering. The contributors, an international panel of experts on the topic, explore the key elements in systems engineering that have shifted towards data collection and analytics, available and used in the design and development of systems and also in the later life-cycle stages of use and retirement. The contributors address the issues in a system in which the system involves data in its operation, contrasting with earlier approaches in which data, models, and algorithms were less involved in the function of the system. The book covers a wide range of topics including five systems engineering domains: systems engineering and systems thinking; systems software and process engineering; the digital factory; reliability and maintainability modeling and analytics; and organizational aspects of systems engineering. This important resource: Presents new and advanced approaches, methodologies, and tools for designing, testing, deploying, and maintaining advanced complex systems Explores effective evidence-based risk management practices Describes an integrated approach to safety, reliability, and cyber security based on system theory Discusses entrepreneurship as a multidisciplinary system Emphasizes technical merits of systems engineering concepts by providing technical models Written for systems engineers, Systems Engineering in the Fourth Industrial Revolution offers an up-to-date resource that contains the best practices and most recent research on the topic of systems engineering.

Comprehensive Chemometrics

Comprehensive Chemometrics PDF Author: Steven Brown
Publisher: Elsevier
ISBN: 0444641661
Category : Science
Languages : en
Pages : 2948

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Book Description
Comprehensive Chemometrics, Second Edition, Four Volume Set features expanded and updated coverage, along with new content that covers advances in the field since the previous edition published in 2009. Subject of note include updates in the fields of multidimensional and megavariate data analysis, omics data analysis, big chemical and biochemical data analysis, data fusion and sparse methods. The book follows a similar structure to the previous edition, using the same section titles to frame articles. Many chapters from the previous edition are updated, but there are also many new chapters on the latest developments. Presents integrated reviews of each chemical and biological method, examining their merits and limitations through practical examples and extensive visuals Bridges a gap in knowledge, covering developments in the field since the first edition published in 2009 Meticulously organized, with articles split into 4 sections and 12 sub-sections on key topics to allow students, researchers and professionals to find relevant information quickly and easily Written by academics and practitioners from various fields and regions to ensure that the knowledge within is easily understood and applicable to a large audience Presents integrated reviews of each chemical and biological method, examining their merits and limitations through practical examples and extensive visuals Bridges a gap in knowledge, covering developments in the field since the first edition published in 2009 Meticulously organized, with articles split into 4 sections and 12 sub-sections on key topics to allow students, researchers and professionals to find relevant information quickly and easily Written by academics and practitioners from various fields and regions to ensure that the knowledge within is easily understood and applicable to a large audience

The Real Work of Data Science

The Real Work of Data Science PDF Author: Ron S. Kenett
Publisher: John Wiley & Sons
ISBN: 1119570700
Category : Science
Languages : en
Pages : 136

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Book Description
The essential guide for data scientists and for leaders who must get more from their data science teams The Economist boldly claims that data are now "the world's most valuable resource." But, as Kenett and Redman so richly describe, unlocking that value requires far more than technical excellence. The Real Work of Data Science explores understanding the problems, dealing with quality issues, building trust with decision makers, putting data science teams in the right organizational spots, and helping companies become data-driven. This is the work that spells the difference between a good data scientist and a great one, between a team that makes marginal contributions and one that drives the business, between a company that gains some value from its data and one in which data truly is "the most valuable resource." "These two authors are world-class experts on analytics, data management, and data quality; they've forgotten more about these topics than most of us will ever know. Their book is pragmatic, understandable, and focused on what really counts. If you want to do data science in any capacity, you need to read it." —Thomas H. Davenport, Distinguished Professor, Babson College and Fellow, MIT Initiative on the Digital Economy "I like your book. The chapters address problems that have faced statisticians for generations, updated to reflect today's issues, such as computational Big Data." —Sir David Cox, Warden of Nuffield College and Professor of Statistics, Oxford University "Data science is critical for competitiveness, for good government, for correct decisions. But what is data science? Kenett and Redman give, by far, the best introduction to the subject I have seen anywhere. They address the critical questions of formulating the right problem, collecting the right data, doing the right analyses, making the right decisions, and measuring the actual impact of the decisions. This book should become required reading in statistics and computer science departments, business schools, analytics institutes and, most importantly, by all business managers." —A. Blanton Godfrey, Joseph D. Moore Distinguished University Professor, Wilson College of Textiles, North Carolina State University

A Career in Statistics

A Career in Statistics PDF Author: Gerald J. Hahn
Publisher: John Wiley & Sons
ISBN: 1118490134
Category : Mathematics
Languages : en
Pages : 358

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Book Description
A valuable guide to a successful career as a statistician A Career in Statistics: Beyond the Numbers prepares readers for careers in statistics by emphasizing essential concepts and practices beyond the technical tools provided in standard courses and texts. This insider's guide from internationally recognized applied statisticians helps readers decide whether a career in statistics is right for them, provides hands-on guidance on how to prepare for such a career, and shows how to succeed on the job. The book provides non-technical guidance for a successful career. The authors' extensive industrial experience is supplemented by insights from contributing authors from government and academia, Carol Joyce Blumberg, Leonard M. Gaines, Lynne B. Hare, William Q. Meeker, and Josef Schmee. Following an introductory chapter that provides an overview of the field, the authors discuss the various dimensions of a career in applied statistics in three succinct parts: The Work of a Statistician describes the day-to-day activities of applied statisticians in business and industry, official government, and various other application areas, highlighting the work environment and major on-the-job challenges Preparing for a Successful Career in Statistics describes the personal traits that characterize successful statisticians, the education that they need to acquire, and approaches for securing the right job Building a Successful Career as a Statistician offers practical guidance for addressing key challenges that statisticians face on the job, such as project initiation and execution, effective communication, publicizing successes, ethical considerations, and gathering good data; alternative career paths are also described The book concludes with an in-depth examination of careers for statisticians in academia as well as tips to help them stay on top of their field throughout their careers. Each chapter includes thought-provoking discussion questions and a Major Takeaways section that outlines key concepts. Real-world examples illustrate key points, and an FTP site provides additional information on selected topics. A Career in Statistics is an invaluable guide for individuals who are considering or have decided on a career in statistics as well as for statisticians already on the job who want to accelerate their path to success. It also serves as a suitable book for courses on statistical consulting, statistical practice, and statistics in the workplace at the undergraduate and graduate levels.

Data Analysis for Business, Economics, and Policy

Data Analysis for Business, Economics, and Policy PDF Author: Gábor Békés
Publisher: Cambridge University Press
ISBN: 1108483011
Category : Business & Economics
Languages : en
Pages : 741

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Book Description
A comprehensive textbook on data analysis for business, applied economics and public policy that uses case studies with real-world data.