TODAY I WOULD BE GIVEN YOU MY READERS,SOME STATISTICAL TOOLS.LIKE I HAVE ALWAYS SAID STATISTICS IS A VERY IMPORTANT ASPECT OF BUSINESS THAT YOU CA NOT DO WITH OUT BUT IN OTHER TO DO STATISTICS WHICH I PERSONALLY DEFINE AS THE ANALYZATION OF COLLECTED DATA,THERE ARE SOMETHINGS YOU USE TO ANALYZE THIS DATA AND THOSE THINGS ARE THE TOOLS OF STATISTICS,BELOW I WILL BE LISTING THEM AND EXPLAINING EACH AND EVERY ONE OF THEM.
BELOW I WOULD BE LISTING THE TOOLS AND EXPLAINING THEM AND HOW THEY ARE GOING TO HELP YOU IN BUSINESS.
1) BAR-CHART: THIS IS ONE OF THE MAJOR STATISTICAL TOOLS,THAT EVERY BUSINESS MAN NEEDS AND THIS IS BECAUSE IT WILL GIVE YOU A COMPLETE PICTORIAL VIEW OF THE GROWTH OF YOUR BUSINESS AND THE DOWNS OF YOUR BUSINESS OVER A PARTICULAR PERIOD OF TIME TO ENABLE YOU TO STRTEGIZE AND MOVE WITH THE TIMES AS EVERY BUSINESS MAN MUST BE ABLE TO MOVE WITH THE TIMES.THIS TOOL IS VERY GOOD THAT EVEN THE BUREAU OF LABOR STATICS PREFARES TO USE THESE TOOL TO ANALYZE THEIR DATA.
2) PIE-CHART: THIS IS VERY GOOD FOR ANALYZING YOUR SUPPLIES,THIS IS BECAUSE SOME BUSINESS MEN BECAUSE THEY HAVE VERY HIGH SALES,THEY WILL JUST KEEP BUYING AS THEY ARE NOT THE ONES IN THE BUSINESS PREMISES,THEY WILL JUST GO AND BUY LIKE THEY HAVE ALWAYS BEEN BUYING AND THEY STILL KEEP HAVING SALES.I WOULD LIKE TO TELL YOU MY HTB READERS THAT THE FACT THAT YOU ARE HAVING HIGH SALES,AS LONG AS YOU SELL MORE THAN ONE BRAND OF A PRODUCT OR MORE THAN ONE PRODUCT,DOES NOT MEAN THAT EVERY ONE OF THOSE BRANDS ARE SELLING.IT MAY BE THAT OUT OF YOUR ELEVEN BRANDS,THAT ONLY SIX ARE BRINGING YOU HIGH SALES AND IF IT IS SO,AS A GOOD BUSINESS MAN YOU SHOULD PAY MORE ATTENTION ON THE ONES GIVING YOU HIGH SALES SO YOU DON'T LOOSE.
3) MODE: THIS IS VERY GOOD FOR ANALYZATION OF DATA COLLECTED.IT IS THE MOST FREQUENT OCCURRENCE IN A DATA COLLECTED.THIS CAN HELP YOU KNOW THE GOODS THAT WERE PURCHASED MOST BY YOUR CUSTOMERS AND SO IT WILL HELP YOU TO BE ABLE TO FOCUS MORE ON THAT AREA.FOR INSTANCE IF YOU ARE A LAPTOP DEALER,AND YOUR CUSTOMERS PURCHASE MORE OF HP LAPTOPS,IT IS ONLY WISE TO CONCENTRATE ON HP LAPTOPS MORE THAN OTHER ONES AND IF YOU USE THIS TOOL WELL,YOU COULD USE IT TO KNOW YOUR MOST FREQUENT PATRONIZERS AND OFFER THEM SPECIAL PRIVILEGES AND ALSO GOOGLE KEYWORD SEARCH AND THAT OF THE OTHER SEARCH ENGINES AND AFFILIATE NETWORKS USE THE CONCEPT OF THIS TOOL TO CARRY OUT THEIR FUNCTIONS.
NOW THE ABOVE TOOLS ARE THE 3 MOST IMPORTANT STATISTICAL TOOLS FOR YOUR BUSINESS.THEY ARE SO IMPORTANT THAT A GOOD BUSINESS MAN SHOULD NOT DO WITHOUT THEM ALTHOUGH THERE ARE OTHER TOOLS BUT THIS ONES ARE SO IMPORTANT.
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