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Treat at least one empirical/statistical issue that lends insight into business strategy

Treat at least one empirical/statistical issue that lends insight into business strategy

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Decision related to Identification of variables might be critical to choose a particular statistical tool and hence clearly an influence over choosing the particular business strategy for various business organizations. A Multivariate technique can be utilized incase number of variables will be greater than univariate and bivariate methods.

The role of management activities and actions can be analyzed through statistical inference via analytical relationships among variables. Hence , business strategy has direct relationships with selection of a right statistical tool.

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