8. Illustrative List of Statistical Techniques and their Applications Hedging of Investments Financial Risk Correlation and Regression Analysis 5 Quality Control Production Engineering Control Chart 4 Identifying Similar Groups Planning and Management Cluster Analysis 3 Target Marketing, Customer Profiling Marketing Cluster Analysis 2 Sampling Inspection Quality Assurance Binomial Distribution 1 Specific Application Field Statistical Technique Sr No
9. Illustrative List of Statistical Techniques and their Applications Business Forecasting Banking Forecasting 10 Customer Profiling Marketing Discriminant Analysis 9 Credit Risk Analysis Finance Discriminant Analysis 8 Investments, Portfolio Selection, Mergers and Acquisitions Finance Decision Theory 7 Cross-Market Analysis Marketing Correlation and Regression Analysis 6 Specific Application Field Statistical Technique Sr No
10. Illustrative List of Statistical Techniques and their Applications Wholesale and Consumer Price Indices Economics Index Numbers 15 Demand Forecasting, Marketing Forecasting 14 Determining Premiums Insurance Forecasting 13 Manpower Planning HRD Forecasting 12 Pricing of Financial Products, Return on Investment Finance Forecasting 11 Specific Application Field Statistical Technique Sr No
11. Illustrative List of Statistical Techniques and their Applications Six Sigma Production Engineering Normal Distribution 21 Performance Appraisal HRD Normal Distribution 20 Yield Curve Finance Normal Distribution 19 Risk Management Finance Normal Distribution 18 EPS Equity Research Normal Distribution 17 Credit Risk Analysis Finance Logistic Regression 16 Specific Application Field Statistical Technique Sr No
12. Illustrative List of Statistical Techniques and their Applications Opinion/Exit Polls Election Sampling 28 Rankings with Multiple Criteria Rankings Rank Correlation 27 Rankings in Contests With Multiple Judges Rankings Rank Correlation 26 Formulating Compensation Strategies HR Percentiles 25 Relative Ranking Education Percentiles 24 PERT / CPM Project Management Normal Distribution 23 Statistical Quality Control Production Engineering Normal Distribution 22 Specific Application Field Statistical Technique Sr No
13. Illustrative List of Statistical Techniques and their Applications WACC (Weighted Average Cost of Capital) and EVA (Economic Value Added) Finance Weighted Average 34 Sensex, NIFTY, Wholesale Price and Consumer Price Indices Finance Weighted Average 33 Testing a Drug on Clinical Trial Paramedical- Pharmaceutical Testing of Hypothesis 32 Testing a Pesticide on Field Agriculture/Chemical Testing of Hypothesis 31 Inspection and Quality Control Production Engineering Sampling 30 Consumer Survey Market Research Sampling 29 Specific Application Field Statistical Technique Sr No
14. Illustrative List of Decision Situations and Corresponding Statistical Techniques Cluster Analysis Correlation and Regression Analysis Conjoint Analysis Identifying Customer Buying Behaviors and Patterns Retail Management Sample Surveys Conjoint Analysis Multidimensional Scaling Market Research Cluster Analysis Customer Profiling Time Series Correlation and Regression Analysis Statistical Inference Assessment/Forecast of Demand for the Product or a Service Marketing Statistical Techniques Applicable Decision Situation Area
15. Illustrative List of Decision Situations and Corresponding Statistical Techniques Probability. Time Series Regression Analysis Determining the Premium Insurance Discriminant Analysis Logistic Regression Correlation Analysis Assessing Credit Worthiness ‘ ’ Analysis and Regression Analysis Derivatives Regression Analysis Predicting EPS ‘ ’ Analysis Volatility of Stocks Regression Analysis, Decision Analysis Evaluation of Investment Finance and Banking Statistical Techniques Applicable Decision Situation Area
16. Illustrative List of Decision Situations and Corresponding Statistical Techniques Cluster Analysis Correlation Conjoint Analysis Identifying customer buying behaviors and patterns Retail Management Normal Distribution Percentiles Performance Appraisal and Reward System HRD ABC Analysis Inventory Management Statistical Quality Control Six Sigma Sampling Inspections Statistical Inference Controlling and Improving Production Process and Quality Operations Regression Analysis Discriminant Analysis Impact of Different Factors on Health and Life Statistical Techniques Applicable Decision Situation Area
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