Technical Analysis of the stock market

A stock market is a financial market where multiple shares and securities are traded. It wouldn't make sense over here to go through the details of what exactly a stock market is and the definitions of shares and securities, but what we are going to talk about is how statistics is fundamental for the analysis of the stock and the foreign exchange market (also known as the forex market). A forex market is a simple yet complicated market. In these markets there is a complete and continuous movement Read more [...]

Why businessmen use statistics?

Business deals with numbers and with numbers comes risk. There are several reasons as to why a business can fail, but for sure there is no business that runs today without the count of numbers and without a risk-return calculation process. Some might call it financial analysis and other finance related terms, but one should carefully note that these financial terms and financial jargons all have a common backbone – statistics. Statistics gives all the means that are required to calculate the risk Read more [...]

The merits and demerits of statistics

Statistics is normally defined as the compilation of data followed by the analytical and the inferential property of the studied subject. Statistical mainly deals with the numerical analysis part of any subject and therefore by itself is an important part of understanding its inner nature. This is because in each and every subject there is some place where mathematics and research is required. Thus statistics as an instrument of knowledge has a lot of advantages. On the other hand statistics has Read more [...]