About Statistics for finance
The use of statistical knowledge in the field of business aid dated many years back. In recent years, an understanding of statistical methods, techniques, and the skills to make use of them had widely been recognized more than before. It is essential for anyone making business decisions on the basis of data to possess a clear understanding of statistics. Among other, the vast and fast changing technological, financial and economic setting has necessitated an organized use and extensive application of statistical tools to business decision making. Statistics has proved useful in many ways. Such as in establishing relationship, making predications, and providing solution to the many problems of business operations and managerial decision Statistics is widely applied in production and quality control, marketing research, manpower planning, finance, etc.