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Numbers Guide (5TH 03 Edition)by Richard Stutely
Synopses & ReviewsPlease note that used books may not include additional media (study guides, CDs, DVDs, solutions manuals, etc.) as described in the publisher comments.
The essentials of business numeracy The Numbers Guide, now in its fifth edition, is aimed at managers who have budgetary, planning or forecasting responsibilities and is invaluable for everyone who wants to be competent, and able to communicate effectively, with numbers. There are chapters on Key Concepts, Finance and investment, Measures for interpretation and analysis, Forecasting techniques, Sampling and hypothesis testing Incorporating judgments into decisions, Decision-making, Linear programming and networking. The guide also points out common pitfalls, such as:
On rounding: Two times two makes four? Right? Wrong. The answer could be anywhere between two and six when dealing with rounded numbers.
On percentages: If the inflation rate rises from 10% to 12% it has risen by two percentage points, but the actual percentage increase is 20%.
Book News Annotation:
Designed as a companion to The Economist Style Guide, this guide to business numeracy explains fundamental concepts with plain- language explanations, worked examples, and word problems, and provides a range of methods for effective decision making. Chapters cover finance and investment, descriptive measures for interpretation and analysis, tables and charts, forecasting techniques, sampling and hypothesis testing, incorporating judgements into decisions, and linear programming and networking. Author information is not given.
Annotation ©2004 Book News, Inc., Portland, OR (booknews.com)
Designed as a companion to The Economist Style Guide, the best-selling guide to writing style, The Economist Numbers Guide is invaluable to anyone who wants to be competent and able to communicate effectively with numbers.
In addition to general advice on basic numeracy, the guide points out common errors and explains the recognized techniques for solving financial problems, analysing information of any kind, and effective decision making. Over one hundred charts, graphs, tables, and feature boxes highlight key points. Also included is an A–Z dictionary of terms covering everything from amortization to zero-sum game.
Whatever your business, The Economist Numbers Guide will prove invaluable.
The guide also points out common pitfalls, such as: <BR>- On rounding: Two times two makes four? Right? Wrong. The answer could be anywhere between two and six when dealing with rounded numbers.<BR>- On percentages: If the inflation rate rises from 10 percent to 12 percent it has risen by 2 percentage points, but the actual percentage increase is 20 percent
About the Author
Richard Stutely has gained insight into financial, strategic, and operational planning at all levels throughout his professional career. He has worked at HM Treasury, been a member of the London Stock Exchange, an investment banker, and general manager of an international commercial bank. He has been interviewed in newspapers, and on radio and television around the world, and written extensively for publications such as The Economist, The Accountant, and The Banker.
Table of Contents
List of tables.
List of figures.
1. Key concepts.
Ways of looking at data.
Fractions, percentages, and proportions.
2. Finance and investment.
Interest rate problems in disguise.
3. Descriptive measures for interpretation and analysis.
4. Tables and charts.
5. Forecasting techniques.
Cause and effect.
Identifying relationships with regression analysis.
Forecast monitoring and review.
6. Sampling and hypothesis testing.
Estimating statistics and parameters.
Other summary measures.
7. Incorporating judgments into decisions.
Uncertainty and risk.
The expected value of sample information.
Making the final decision.
8. Decision-making in action.
Markov chains: what happens next?
9. Linear programming and networking.
Identifying the optimal solution.
Traps and tricks.
A - Z.
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