This book is an excellent resource for business analysis. If you want to have a better overview of the economy and the world’s major economies, you’ll want to read the rest of the book.
I have to say, the author has a knack for being able to both explain complicated concepts and explain them simply. He clearly has a knack for the simple and the complicated, and this is one reason behind why this book really does do justice to both. It is also a great book for business analysis.
In the past, business analysts in the US have tended to focus on the macroeconomics of the world, but the author has done a great job of giving us an overview of the microeconomics and financial markets of the US and the world. The book goes in-depth into the areas of stock markets, bond markets, currencies, commodities, and more. It covers a lot of ground, and it’s a great source for anyone interested in the economics of the world.
Business analysts have a lot of great ideas, but many of them are based on incomplete information. The author covers the use of statistics to measure the quality of a business plan, and how to properly weigh the various costs of a given business idea.
If you have to choose whether or not to use statistics, and you have to work with incomplete information, then this is the book for you.
No matter.
For those of you interested in the economics of business, a lot has changed since the last time I was a student (1997-1998). There are now many better models, better databases, new tools like Excel spreadsheets, and lots more data to work with. In a similar way, economists have improved their models and databases more recently. But one thing that hasn’t changed is how you actually do the mathematics.
This is because there are a lot more people and computers today and they have made a lot of assumptions which is very different from the way we did it in the last few decades of computing. So the data you work with is generally incomplete, and it isnt always easy to find comparable data, or even the same data.
The thing is that even if you know exactly what the data you have is, it is still very difficult to get a complete picture. And that is why I find it so interesting that there is a business case for applying statistics in economics. For example, the recent article by Prof. David Landes which was a study of how the world of finance works was all based on statistics and that is why the results are so good.
The same thing applies to business, and to economics in particular. It is hard to say how much actual impact the use of statistics or economic theory has had on the world of business. But the fact that economists and statisticians have found a way to make use of what we know about the world of economics and the world of finance and they have been able to use that knowledge to do some really great things is certainly noteworthy.
