What we want?
This is based on an impulsive survey done among PGSEM-2005 batch students in Sep-2007. I wrote the questions in just 15 minutes without thinking much pro and cons or results to achieve. Was amazed by the turnout and response!! Am putting figures as I cannot put the charts here. This was published in PGSEM-Newsletter Issue 2 (Oct -2007). Happy reading! “ I always find that statistics are hard to swallow and impossible to digest.” - Robert A. Taft After covering about 2.25 years of our journey into PGSEM, most of us shall willingly agree to the above quote. Yet people use statistics as they are like lamposts which can be used for support rather than illumination. But can statistics really prove anything? Can these statistical techniques like - simple random or convenience sampling; surveys or interviews; ordinal or nominal scales; null or alternate hypothesis; systematic or random sample error really mean anything? Well after all those Quants courses, AMR and business forecasting am sure...