Introduction
Statistics – especially within the world of business – is a fast-moving, high-tech
field. There are always new opportunities for improvements to data gathering, storage,
analysis, reporting, and applying statistics to business strategy.
This final chapter therefore gives brief overviews of some key and hot topics in business
statistics, including the following:
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Big data
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Data warehousing
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Machine learning and algorithms
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Simulation
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Bayesian statistics
Last updated: April 18, 2017
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