Numbers guide : the essentials of business numeracy / Richard Stutely.

Format:

Book

Author/Creator:

Stutely, Richard, 1955-

Series:

Economist series

The Economist series

Language:

English

Subjects (All):

Business mathematics.

Numeracy.

Problem solving--Statistical methods.

Problem solving.

Decision making--Statistical methods.

Decision making.

Business mathematics--Dictionaries.

Numeracy--Dictionaries.

Genre:

Dictionaries.

Physical Description:

248 pages : illustrations ; 22 cm.

Edition:

Fifth edition.

Place of Publication:

Princeton, N.J. : Bloomberg Press, 2003.

Summary:

The guide also points out common pitfalls, such as: - On rounding: Two times two makes four? Right? Wrong. The answer could be anywhere between two and six when dealing with rounded numbers.- On percentages: If the inflation rate rises from 10 percent to 12 percent it has risen by 2 percentage points, but the actual percentage increase is 20 percent

Contents:

Ways of looking at data 6

Fractions, percentages and proportions 8

Index numbers 14

Probability 21

Counting techniques 27

Encryption 31

2 Finance and investment 33

Interest 33

Annuities 43

Investment analysis 47

Inflation 51

Interest rate problems in disguise 52

Exchange rates 53

3 Descriptive measures for interpretation and analysis 57

Distributions 57

Normal distributions 65

5 Forecasting techniques 88

Time series 89

Trends 94

Seasonal adjustment 98

Cycles 102

Residuals 102

Cause and effect 103

Identifying relationships with regression analysis 104

Forecast monitoring and review 113

6 Sampling and hypothesis testing 116

Estimating statistics and parameters 116

Confidence 121

Other summary measures 124

Non-parametric methods 129

Hypothesis testing 130

7 Incorporating judgments into decisions 137

Uncertainty and risk 137

Decision trees 141

Perfect information 145

The expected value of sample information 147

Making the final decision 151

8 Decision-making in action 157

Game strategy 157

Queueing 161

Stock control 164

Markov chains: what happens next? 166

Project management 170

Simulation 172

9 Linear programming and networking 175

Identifying the optimal solution 175

Traps and tricks 180

Multiple objectives 180

Networks 181

A-Z 185.

Notes:

Rev. ed. of: The Economist numbers guide, 1997.

Includes index.

Contains:

Stutely, Richard, 1955- Economist numbers guide.

ISBN:

1576601447

OCLC:

51861814