Crystal Ball is a statistical data analysis software package used by businesses for a variety of purposes. Crystal Ball software applications can be classified into the following areas: business, sales or financial forecasting, predictive modeling, Monte Carlo simulation and optimization. Most MBA programs teach the application of Crystal Ball software in their statistics, operations research […] Read more
In today’s technology driven world, information and data are plentiful. Successful managers need to analyze data and use it effectively. Data analysis and statistical analysis skills are required in finance, marketing, economics, operations and production. See examples of data analysis and statistical tools used in the business world below. Graduate Tutor provides private tutoring for […] Read more
Discriminant analysis is a statistical technique widely used in the business world. Graduate Tutor’s operations research tutors or statistics tutors can tutor you in the theory and application of discriminant analysis. Discriminant analysis is used to forecast the outcome of a variety of variables that impact the profitability of a business. Classic examples of the […] Read more
Regression analysis is a modeling technique used to analyze the relationship between a continuous dependent variable Y and one or more independent variables X1, X2, X3…… Multiple regression has the word “multiple” in it because it evaluates many independent variables as against the simple linear regression that evaluates only one variable X1. We have seen […] Read more