"It was a wonderful experience interacting with you and appreciate the way you have planned and executed the whole publication process within the agreed timelines.”
Subrat SaurabhAuthor of Kuch Woh PalThis book adopts a practical approach in teaching the application of statistical knowledge in data-driven strategies and decision making. Readers of statistical books have long been faced with the problem of learning statistical concepts without knowing how to effectively apply them in real life issues faced in the industries. This new approach of demonstrating statistical concepts with real industry problems leads to better understanding and a total appreciation of these concepts as to how they can effectively help in making decisions. This book contains key statistical concepts like the test of significance which is very relevant to test assumptions made during decision making within the management circle. Other concepts such as correlation for checking relationships and regression for predictions are included with over 70 real industry examples to demonstrate their use. The book contains a dedicated chapter which shows how real industry researches are carried out and reported, and how these findings are relevant to strategy development and decision making.
Helping people in the industry understand and believe in the power of statistical knowledge is what this book has been written to achieve.
TERRY HENSHAW
Terry Henshaw is a data analyst and strategist. Fascinated with the application of technology and innovations to real-life problems, he has developed numerous strategies which have deployed the use of data analysis in high-level research works and in solution to problems in many industries. He has over 10 years of research experience and has lectured to more than 10,000 students.
He worked in the University of Port Harcourt where he taught mathematical modelling and Engineering Statistics to graduate and postgraduate students for more than ten years. He has consulted for different organizations especially in the oil and gas sector. He has also served in different monitoring and evaluation committees in the Government sector. He has published journal papers with recorded global contributions where he has demonstrated the use of data analysis to uncover facts. He regularly conducts lectures, seminars and workshops on many subject matters, especially, those tied to data gathering and analysis for decision making. Some of his most frequent training are on communication skills in industries and performance management.
Terry is a strong believer, that to improve industries, the responsibilities of any organization’s Research and Development (R&D) should be decentralized by nourishing employees with the right capacity such as statistical knowledge so they can effectively contribute to solving problems they have discovered. He is an advocate of the statement, “Knowledge becomes power only when applied practically. Until then, it is only potential power.”
