Category: Statistics

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...

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...

What are the uses of Index Numbers?, Various uses of index numbers are described in this article. Let’s check what is index number? Index numbers are also known as economic barometers because they reveal...

Minimum number of units in an Experimental Design, The minimum number of units in an experimental design, there are mainly nine factors that are responsible for determining the number of replications. The extent of...

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...