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Econometrics is a branch of economics that applies statistical methods to the empirical study of economic theories and relationships. Environmental statistics is the application of statistical methods to environmental science. Weather, climate, air and water quality are included, as are studies of plant and animal populations.
Business and management research is a systematic inquiry that helps to solve business problems and contributes to management knowledge. It Is an applied research. Four factors (Easterby-Smith, 2008) combine to make business and management a distinctive focus for research : Transdiscipline approach
It uses various scientific research-based principles, strategies, and analytical methods including mathematical modeling, statistics and numerical algorithms and aims to improve an organization's ability to enact rational and accurate management decisions by arriving at optimal or near optimal solutions to complex decision problems.
A scholar's discipline is commonly defined by the university faculties and learned societies to which they belong and the academic journals in which they publish research. Disciplines vary between well-established ones in almost all universities with well-defined rosters of journals and conferences and nascent ones supported by only a few ...
Managerial economics has use in many different business applications, although the most common focus areas are related to the risk, pricing, production and capital decisions a manager makes. [31] Managers study managerial economics because it gives them the insight to control the operations of their organizations.
Australian and New Zealand Standard Research Classification (ANZSRC 2008) Chapter 3 and Appendix 1: Fields of research classification. Fields of Knowledge , a zoomable map allowing the academic disciplines and sub-disciplines in this article be visualised.
Many universities offer courses in business economics and offer a range of interpretations as to the meaning of the word. [8] The Bachelor of Business Economics (BBE) Program at University of Delhi is designed to meet the growing need for an analytical and quantitative approach to problem solving in the changing corporate world by the application of the latest techniques evolved in the fields ...
Business informatics centers around creating programming and equipment frameworks which ultimately provide the organization with effective operation based on information technology application. [1] The focus on programming and equipment boosts the value of the analysis of economics and information technology.