bus 445 week 4 Statistical Methods & Business Man

Statistical Methods
Discuss the differences among the three major components of statistical methodology (descriptive statistics, statistical inference, and predictive statistics). Why might these distinctions be important to a manager? Respond to at least two of your classmates’ postings.
References
Evans, J., & Lindsay, W. (2011). Managing for quality and performance excellence (8th ed.). Mason, OH: South-Western Cengage. ISBN: 9780324783209

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