English Deutsch Français Italiano Español Português 繁體中文 Bahasa Indonesia Tiếng Việt ภาษาไทย
All categories

I hold a BS in Mathematics, and am currently a grad student studying Statistics.
My question is: Is there anyone who works in financial management, or budget analysis, and can tell me how much statistical methods are used on your projects at work?

Or, if you use statistical methods at work, but you are not in financial management, please let me know what type of work you do.

2007-08-02 14:33:14 · 1 answers · asked by Anonymous in Business & Finance Careers & Employment Government & Non-Profit

1 answers

I did, in project management, I am a PhD student now. Engineering project risk and time management use statistics, but in very basic ways. A statistician would barely call them statistics in the sense that no one need ever know Somer's D exists, but rather procedures which are based either upon normal distributions or ordinal measures to estimate either risk or time on the critical path.

They should be used extensively, and of course are used in Six Sigma and other quality assurance processes. In the United States, they are used less than they should be.

2007-08-03 09:56:33 · answer #1 · answered by OPM 7 · 0 0

fedest.com, questions and answers