The use of statistical devices is increasingly gaining ground in competitive and public sectors, as well as at research institutes. Proper statistical techniques provide customers with new information that may help tem improve the efficiency of their processes and customer retaining strategies and increase their income.
Various statistical methods allow us to evaluate data obtained from clinical studies, marketing databases, customer preference studies and stock market analyses. We deliver the analysis or evaluations in the form of charts, reports and studies accompanied by presentations.
Success and growth require that companies should have an accurate view of the future and be able to accurately forecast how market and economic factors will influence their organizations. It, therefore, is essential that during strategic planning, they use devices that allow them to model and simulate business processes and influencing factors, regardless of their complexity.
Statistics utilizes the results of theoretical mathematics and theory of probability through various areas of science finding its proper place among significant disciplines. Its task among others is to highlight significant elements, give explanation and demonstrate correlations as well as to model processes.
With the help of statistical tests we can determine whether two or more groups are different from each other or can be considered identical. Statistical tests allow us to help the work of decision-makers.
One of the basic task of statistics is to emphasize significant results in the sea of data so that it can describe the main points with the help of a relatively few numbers.
When working with a particular parameter, we need to choose the estimation method with the help of which we can ensure the most accurate result. It is followed by surveying after which we calculate the value of the concerned parameter with the help of an estimation method.