Statistical Models for Business Planning and Sustainable Development

Strategy used to hit the book goal reinforced by case studies

Phase 1: methods & tools for testing and assuring to have an accurate analyzing result (e.g., hypotheses testing)

Phase 2: methods of analyses to describe the business situation and to find out factors influencing its development that needed to be employed later for models building phases (e.g., using principal components analysis)

Phase 3 : methods & tools of analyses that create options for the business future scenarios to make judgment upon choice of the best scenario (e.g., using sensitivity analysis) in addition for making prediction and estimation (e.g., multiple regression analysis)

Phase 4: following up the business progress using methods by which to look at the business development seasonally, periodically and in long term to see where it is standing (e.g., time series analysis)

Phase 5: analyses methods to figure out how the development and the plan is going in comparison with the other competitive businesses and with time passing (e.g., Index numbers)

Phase 6: employing techniques to make the right decision on the business quality to put business on the right path (e.g., reliability, management decision theory and linear programming)

Phase 7 using developed models for maintaining quality and to sustain business excellency

-- Abdulhameed Jasim