Statistics for Management & Economics 2nd Edition – eBook

Description

Statistics for Management & Economics is a comprehensive and accessible statistics textbook designed for undergraduate and MBA students studying business, management, economics, and related disciplines. Widely used across the UK, Europe, the Middle East, and Africa, this trusted resource helps students develop practical statistical skills essential for modern business decision-making and economic analysis.

The book presents statistics in a clear, real-world context, using numerous examples, business applications, and real data sets to demonstrate how statistical methods are used by managers, economists, and analysts in professional environments. Its practical and student-friendly approach makes complex statistical concepts easier to understand and apply.

Built around Keller’s proven three-step problem-solving approach, the text teaches students how to:

1. Identify the correct statistical technique for a particular problem or type of data
2. Calculate and apply the appropriate statistical methods
3. Interpret statistical results effectively for business and economic decision-making

This structured methodology helps students gain confidence in using statistics to solve practical management and economics problems while improving analytical and critical-thinking skills.

Topics covered include descriptive statistics, probability, sampling, hypothesis testing, regression analysis, forecasting, data interpretation, statistical inference, and decision-making under uncertainty. The book also highlights the growing importance of big data, data visualization, and social media analytics in today’s business landscape.

By connecting statistical theory with practical applications, the text prepares students to analyze data effectively, communicate insights clearly, and make evidence-based business decisions. Real-life examples and applied exercises reinforce learning and help students understand the relevance of statistics in finance, marketing, operations, economics, and strategic management.

Ideal for business students, economics majors, MBA learners, and anyone seeking practical statistical knowledge for management and decision-making, Statistics for Management & Economics remains an essential guide to applied business statistics and quantitative analysis.