Employment: Growth, Informalisation and Other Issues

Employment: Growth, Informalisation and Other Issues Organisation of Data Global SCM-Meaning and Definition Collection Of Data Air asia India seeks fleet exemption to fly abroad CSET Better and easy ways to Pass and to fly new destinations Business Finance Meaning Importance and worksheets Consumer Rights Indian Economy on the Eve of Independence

Read More

Collection of Data

Collection of Data Collection of data is the process of gathering data. Primary sources Direct Personal Investigation Indirect Oral Investigation Organisation of Data Global SCM-Meaning and Definition Collection Of Data Air asia India seeks fleet exemption to fly abroad CSET Better and easy ways to Pass and to fly new destinations Business Finance Meaning Importance and worksheets Consumer Rights Indian Economy on the Eve of Independence

Read More

Introduction to Statistics JVM Education

Chapter – 1 Introduction to Statistics Introduction to Statistics   Economics is the study of how people and society choose to employ scarce resources that could have alternative uses in order to produce various commodities that satisfy their wants and to distribute them for consumption among various persons and groups in society. Economic Agents Economic Activities Consumptionis the process of using up utility value of goods and services for the direct satisfaction of our wants. Productionis the process converting raw material into useful things. Distributionrefers to the way in which total output, income, or wealth is distributed among individuals or among the factors of production. Statistics in Singular Sense Statistics means the science of collecting, classifying and using statistics or a statistical fact. Statistics in Plural Sense Statistics means numerical facts systematically collected. Chapter – 1 Introduction to Statistics Features of Statistics Aggregatesof Facts Expressednumerically Affectedby multiplicity of causes Reasonabledegree of accuracy Placedin relation to one another Predetermined purpose Collectedin sytemmatic manner Introduction to Statistics Importance of Statistics Quantitativeexpression of economic problems Intersectoral and inter temporal comparisons Workingout cause and effect relationship Constructionof economic theories/ economic models Economicforecasting Formulationof policies Economicequilibrium   (adsbygoogle = window.adsbygoogle || []).push({}); Limitations of Statistics Studyof numerical facts only Studyof aggregates only Resultsare true only on an average Resultsmay prove to be wrong without reference Canbe used only by experts Proneto misuse Introduction to Statistics

Read More

Steps in Demand Forecasting

Demand Forecasting Demand forecasting is an important tool for the business to plan and execute its operations. By demand forecasting, we mean that the process of foreseeing the possible demand for the products or services that the business can offer. It is to be done systematically and as a step by step process. The important steps involved in forecasting process are:     Steps in Demand Forecasting Understand the objective of Forecasting Integrate demand planning and forecasting throughout the supply chain Identify the major factors that influence the demand forecast…

Read More