Question

statistical techniques in commerce with explanation and example​

Answer 1

Step-by-step explanation:

Big data" has become one of the biggest buzzwords in modern business. Companies are storing larger amounts of data, increasing the need for people with the statistical knowledge and skills to analyze and synthesize raw data, transforming them into actionable information. Although large corporations often employ data analysts to help them make sense of their data, small business operators, especially those with an Internet presence that enables them to reach a global customer base, can benefit from an understanding of statistical techniques