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Cost to Serve (CTS or C2S) is an accountancy and financial planning tool used to calculate the profitability of serving the needs of a particular customer account, based on the actual business activities and overhead costs incurred in servicing that customer or customer type. [1]
Statistics is the mathematical science involving the collection, analysis and interpretation of data. A number of specialties have evolved to apply statistical and methods to various disciplines. Certain topics have "statistical" in their name but relate to manipulations of probability distributions rather than to statistical analysis.
lb – binary logarithm (log 2). (Also written as ld.) lcm – lowest common multiple (a.k.a. least common multiple) of two numbers. LCHS – locally compact Hausdorff second countable. ld – binary logarithm (log 2). (Also written as lb.) lsc – lower semi-continuity. lerp – linear interpolation. [5] lg – common logarithm (log 10) or ...
Economic statistics is a topic in applied statistics and applied economics that concerns the collection, processing, compilation, dissemination, and analysis of economic data. It is closely related to business statistics and econometrics . [ 1 ]
[16] [17] The CTS focuses on "conflict tactics" – the method used to advance one's own interest within a conflict – as a behavior, and measures the conflict tactic behaviors of both the respondent and their partner/primary caregiver. However, the CTS "deliberately excludes attitudes, emotions, and cognitive appraisal of the behaviors" measured.
Statistics itself also provides tools for prediction and forecasting through statistical models. To use a sample as a guide to an entire population, it is important that it truly represents the overall population. Representative sampling assures that inferences and conclusions can safely extend from the sample to the population as a whole. A ...
The statistics syllabus, similarly of an applied nature, is described under that article. Note that economics majors , especially those planning to pursue graduate study in the field , are encouraged to instead take regular calculus, as well as linear algebra and other advanced math courses, especially real analysis .
Mathematical statistics is the application of probability theory and other mathematical concepts to statistics, as opposed to techniques for collecting statistical data. [1] Specific mathematical techniques that are commonly used in statistics include mathematical analysis , linear algebra , stochastic analysis , differential equations , and ...