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Statistics and Analytics Management

Statistics and Analytics Management

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Copyright: 2021
Pages: 18
Source title: Strategic International Restaurant Development: From Concept to Production
Source Author(s)/Editor(s): Angelo A. Camillo (Sonoma State University, USA)
DOI: 10.4018/978-1-7998-4342-9.ch010

Keywords: Business & Management / Business Science Reference / Global Business / Hospitality, Travel, and Tourism Management

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Abstract

This chapter introduces the concept of statistical analysis and analytics management in the contest of food and beverage data analysis and business decision modeling. It lays the foundation for a broad understanding of statistical analysis in general, the meaning of analytics, and the advantages of using statistical data analysis. It emphasizes the relationship between a statistical application, analysis, and business relation using basic statistical information in the decision-making process. It shows various formulas, tools, and techniques for self-conducted analysis in small and medium-size foodservice operations.

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