BNET Business Dictionary

Business Definition for: Statistic

  • a piece of information in numerical form

Wiktionary Definition for: Statistic

  • Alternative spelling of statistical.
  • A single item of a statistical study.
  • A quantity calculated from the data in a sample.

Additional Resources

A Multivariate Empirical Bayes Statistic for Replicated Microarray Time Course Data
In this paper they derive a one-sample multivariate empirical Bayes statistic to rank genes in the order of differential expression from replicated microarray time course experiments. They do this by testing the null hypothesis that the expectation of a k-vector of a gene's expression levels is a multiple of 1k,...
Tags: Gene, Statistic
White papers 2004-08-04
Asset Prices In The Measurement Of Inflation
The debate over including asset prices in the construction of an inflation statistic has attracted renewed attention in recent years. Virtually all of this and earlier work on incorporating asset prices into an aggregate price statistic has been motivated by a presumed, but unidentified transmission mechanism through which asset prices...
Tags: Asset, Asset Price, Inflation, Asset Management, Currency & Foreign Exchange, Operational Planning, Business Operations, Finance
White papers 2002-01-01
Oops! You Just Cost a Customer $5,000
Last week, we discussed the best opening remark for a sales presentation to a large group.  (See "QUIZ: What's the Best Opening Remark?").   I was surprised and alarmed that so many readers thought it appropriate to spend a time up front telling a funny story, or introducing themselves.  Only...
Tags: Statistic, Presentation, Sales Strategy, Sales Tools, Sales Force Management, Sales, Geoffrey James
Blog posts 2009-09-18
One-Step Prediction of Financial Time Series
This paper examines the one-step prediction of financial time series from a binary decision theory perspective. Under the assumption that the decision statistic of the binary hypothesis testing problem is a Gaussian random variable, bounds for the forecasting efficiency of the hypothesis testing problem are derived. When the criterion for...
Tags: Financial, Hypothesis, Bank For International Settlements, Forecasting, Sales Force Management, Sales
White papers 1998-07-01
Sharpe And To The Point
The Sharpe Ratio is a "compact" statistic for simultaneously considering risk and return. It is compact in that its calculation is (1) very straightforward and (2) it does not involve obscure variables. Devised by William Sharpe, it is calculated as shown below by dividing the excess return of an asset...
Tags: Sharpe Ratio, FinancialCounsel.com
White papers 2001-10-01
The Cult of Six Sigma |BTalk Australia
(24min 37) Six Sigma is a business improvement pioneered by Motorola, embraced by General Electric and now used by many large corporations throughout the world. Today on BTalk Australia Phil Dobbie talks to Alan Skinner, a six sigma "black belt" from the Faculty of Business at the...
Tags: Process, Project, Methodology, Kind, Customer, Tool, Leadership Team, Sol Trujillo, Six Sigma, Tqm/Six Sigma/ISO 9000, Process Improvement, Quality, Business Operations, It Operations, Phil Dobbie
Blog posts 2008-07-24
Hands-on project: and then there was one: five years ago, I built a multimedia-enhanced PC platform for the living room. Now for the encore: just how much could I squeeze into one box, how small could the box be, and would the result meet or beat the mult
BY THE END OF LAST YEAR, more than 30 manufacturers were reportedly shipping living room-targeted PCs in all shapes and sizes, based on Microsoft's Windows XP Media Center Edition. This statistic bears testimony to the vision of of the PC as the in BY...
Tags: Microsoft Corp., multimedia, PC
Research articles 2004-03-04
Nothing but net; Columnist compares LeBron's `Net Gain' stats to other stars.(Brief Article)
Allen St. John, who writes the "By the Numbers'' sports column in The Wall Street Journal, last week used a statistic called "Net Gain'' to measure how Cleveland Cavaliers star LeBron James stacks up against other NBA greats at similar poin Allen St. John, who writes...
Tags: game, NBA
Research articles 2005-12-12
A time-varying weights tuning method of the double EWMA controller.(Exponential Weighted Moving Average)
In recent years, the exponential-weighted-moving-average EWMA statistic based controllers are popular in semiconductor manufacturing. However, the single EWMA controller is not sufficient for compensating for the wear-out process. Thus, a double EWMA In recent years, the exponential-weighted-moving-average EWMA statistic based controllers are popular in semiconductor manufacturing. However, the...
Research articles 2004-12-01
VH1 tries to keep time on its side.(MTV Networks Inc. markets the baby boomers)
Every seven seconds, another baby boomer turns 50 -- and that's a point of data many find disturbing for deeply personal reasons. So consider how unnerving that statistic is for VH1, the music network that claims to rank first among basic-cab...
Tags: network, programming
Research articles 2001-11-19
The old guard. (mainframe software sellers) (Computer Software Survey)
TEN years ago mainframe software suppliers had the market all to themselves. Today one simple statistic highlights their plight. Worldwide there are around 35,000-40,000 IBM mainframes. IBM and IBM-compatible PCs total well over 10m. It is hard for m TEN years ago mainframe software suppliers had...
Tags: computer, IBM Corp., mainframe, software
Research articles 1988-01-30
OSHA legislation to receive congressional scrutiny. (Occupational Safety and Health Administration)
Construction -- with 15 percent of the 6,083 reported deaths -- led all other industries in the number of employee fatalities in 1992, according to a U.S. Labor Department study released late last year. That grim statistic provides a backdrop for w Construction --...
Tags: OSHA
Research articles 1994-02-01
Small Business: Data Backup Tapes Are Often Unreliable
In early November, an article in The New York Times carried a sobering statistic: Up to half of New Orleans' 115,000 small businesses are expected to fail in the coming months. The article arrives on the heels of an Experian report noting that out of the In early November,...
Tags: data backup, Experian, small business
Research articles 2005-12-01
2001 GREAT, BUT NOT PERFECT
If you're wondering exactly how amazing 2001 was for residential originators, try this tasty statistic on for size: Wells Fargo Home Mortgage produced just shy of $200 billion in home loans last year. In 1990, the entire market produced $450 billion. Sta If you're wondering exactly how amazing 2001 was...
Tags: Wells Fargo & Co.
Research articles 2002-04-01
Hewlett Packard scores 99.7% picking accuracy. (part 1) (order picking system)
When it comes to distribution operations, achieving 99% picking accurracy would do any company proud. Qualityconscious Hewlett Packard HP, however, looks at a statistic like that and says, "That's a 1% error rate, what can we do to fix it?&q When it comes to...
Tags: Hewlett-Packard Co., part number, storage
Research articles 1991-06-01
VOD's mystery numbers: Wall Street is remarkably quiet about the lack of ROI information for on demand.(video on demand)
As the cable industry steps further and further into video on demand, and with each new dazzling statistic released by Comcast Corp., it's intriguing that the industry hasn't been required to give Wall Street a hardcore, dollars-and-cents answer to As the cable industry steps...
Tags: Comcast Corp., Cox Communications Inc., ROI, VoD
Research articles 2005-02-14
The Family Firm Institute: a work in excellent process.(Viewpoint)
Did you know that more than 90 percent of the companies in North America and the majority of businesses located globally are family owned? This statistic could have implications for all types of businesses - public and private-because the challenges Did you know that more...
Research articles 1998-04-01
Bookseller's Viewpoint (Publishers Weekly)
When NEA chairman Dana Gioia recently announced the distressing results culled from a comprehensive survey of American literary reading habits, he singled out the statistic that less than half of the American population over the age of 18 now read f When NEA chairman Dana...
Tags: Bookseller
Research articles 2004-08-16
American Cancer Society Assisting In Major Lung Screening Effort
ATLANTA, Nov. 20 /U.S. Newswire/ -- Since the first Great American Smokeoutr 26 years ago, the percentage of Americans who smoke has dropped off dramatically. But one other statistic remains unchanged. A diagnosis of lung cancer is as deadly today as iATLANTA, Nov. 20 /U.S. Newswire/ -- Since the...
Tags: American Cancer Society
Research articles 2002-11-20
Watch out, Walgreen's!(Trend Watch)
I've got a little statistic for you: According to Kansas State University, 41 percent of Americans take vitamin supplements. So, almost half the population is popping pills designed to improve their health. For many, maybe most, it's an illusion, a j I've got a little statistic...
Tags: pill, vitamin, Walgreen Co.
Research articles 2003-05-01