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Title: :  A BRIEF ANALYSIS ABOUT IMPORTANCE OF BUSINESS STATISTICS
PaperId: :  28406
Published in:   International Journal Of Advance Research And Innovative Ideas In Education
Publisher:   IJARIIE
e-ISSN:   2395-4396
Volume/Issue:    Volume 12 Issue 3 2026
DUI:    16.0415/IJARIIE-28406
Licence: :   IJARIIE is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Author NameAuthor Institute
PROF. B.M.SWAMYCOMMERCE

Abstract

COMMERCE
BUSINESS STATISTICS, MARKET, ECONOMETRICS, HEALTHCARE MANAGEMENT, DESCRIPTIVE STATISTICS, INFERENTIAL STATISTICS
Business statistics provides the tools and techniques necessary to analyse data and extract valuable insights. This enables organisations to make informed decisions based on empirical evidence rather than relying on intuition or guesswork. Business statistics help in identifying and quantifying risks. By understanding the likelihood and potential impact of various risks, organisations can take proactive measures to mitigate them, enhancing their resilience and ability to adapt to changing circumstances. Business Statistics has a wide range of applications in various aspects of business operations and decision-making. Here are some key applications of business statistics: Retail analytics helps retailers make data-driven decisions regarding inventory management, stock replenishment, store layout design, and marketing campaigns. Additionally, it allows for the identification of trends and patterns in customer preferences, enabling personalised marketing efforts that can boost sales and customer loyalty. Ultimately, retail analytics empowers retailers to adapt to changing market dynamics, maximise profitability, and provide a better shopping experience for customers.

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IJARIIE PROF. B.M.SWAMY. "A BRIEF ANALYSIS ABOUT IMPORTANCE OF BUSINESS STATISTICS" International Journal Of Advance Research And Innovative Ideas In Education Volume 12 Issue 3 2026 Page 150-153
MLA PROF. B.M.SWAMY. "A BRIEF ANALYSIS ABOUT IMPORTANCE OF BUSINESS STATISTICS." International Journal Of Advance Research And Innovative Ideas In Education 12.3(2026) : 150-153.
APA PROF. B.M.SWAMY. (2026). A BRIEF ANALYSIS ABOUT IMPORTANCE OF BUSINESS STATISTICS. International Journal Of Advance Research And Innovative Ideas In Education, 12(3), 150-153.
Chicago PROF. B.M.SWAMY. "A BRIEF ANALYSIS ABOUT IMPORTANCE OF BUSINESS STATISTICS." International Journal Of Advance Research And Innovative Ideas In Education 12, no. 3 (2026) : 150-153.
Oxford PROF. B.M.SWAMY. 'A BRIEF ANALYSIS ABOUT IMPORTANCE OF BUSINESS STATISTICS', International Journal Of Advance Research And Innovative Ideas In Education, vol. 12, no. 3, 2026, p. 150-153. Available from IJARIIE, http://ijariie.com/AdminUploadPdf/A_BRIEF_ANALYSIS_ABOUT_IMPORTANCE_OF_BUSINESS_STATISTICS_ijariie28406.pdf (Accessed : ).
Harvard PROF. B.M.SWAMY. (2026) 'A BRIEF ANALYSIS ABOUT IMPORTANCE OF BUSINESS STATISTICS', International Journal Of Advance Research And Innovative Ideas In Education, 12(3), pp. 150-153IJARIIE [Online]. Available at: http://ijariie.com/AdminUploadPdf/A_BRIEF_ANALYSIS_ABOUT_IMPORTANCE_OF_BUSINESS_STATISTICS_ijariie28406.pdf (Accessed : )
IEEE PROF. B.M.SWAMY, "A BRIEF ANALYSIS ABOUT IMPORTANCE OF BUSINESS STATISTICS," International Journal Of Advance Research And Innovative Ideas In Education, vol. 12, no. 3, pp. 150-153, May-Jun 2026. [Online]. Available: http://ijariie.com/AdminUploadPdf/A_BRIEF_ANALYSIS_ABOUT_IMPORTANCE_OF_BUSINESS_STATISTICS_ijariie28406.pdf [Accessed : ].
Turabian PROF. B.M.SWAMY. "A BRIEF ANALYSIS ABOUT IMPORTANCE OF BUSINESS STATISTICS." International Journal Of Advance Research And Innovative Ideas In Education [Online]. volume 12 number 3 ().
Vancouver PROF. B.M.SWAMY. A BRIEF ANALYSIS ABOUT IMPORTANCE OF BUSINESS STATISTICS. International Journal Of Advance Research And Innovative Ideas In Education [Internet]. 2026 [Cited : ]; 12(3) : 150-153. Available from: http://ijariie.com/AdminUploadPdf/A_BRIEF_ANALYSIS_ABOUT_IMPORTANCE_OF_BUSINESS_STATISTICS_ijariie28406.pdf
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