Category: Statistics

Components of Time Series

Major Components of Time Series Analysis

Major Components of Time Series Analysis, There are four different components of a time series, namely: Components of Time Series Secular Trend Seasonal Variation Cyclical Variation Irregular Variation Secular Trend It measures long term...

Measures of Central Tendency

What is business forecasting?

Business forecasting, The success of any kind business depends on its future estimates. Based on these estimates, the team or business person plan his prediction, stocks, selling markets, expansion of plans, arrangements of additional...

Coefficient of variation Example

Coefficient of Variation Example

Coefficient of variation Example and how to identify whether the variation is acceptable or not? The coefficient of variation is the ratio of the standard deviation and the mean. Usually, it is expressed in...

sample size calculation formula

Sample Size Calculation Formula

Sample Size Calculation Formula, In this article discussing about Sampling and sample size calculation formula. Sampling is part of our day-to-day life which we use knowingly or unknowingly. A simple example of sampling is...