
05986392
j
2012a.00649
Smith, Brian
Statistics without tears: complex statistics with simple arithmetic.
MathAMATYC Educ. 2, No. 2, 5660 (2011).
2011
American Mathematical Association of TwoYear Colleges (AMATYC), Memphis, TN
EN
K44
K45
statistics
arithmetic
introductory courses
time series
computation
industry
mathematical applications
http://www.amatyc.org/publications/mathamatyceducator/vol2Issue2/index.html#brian
Summary: One of the often overlooked aspects of modern statistics is the analysis of time series data. Modern introductory statistics courses tend to rush to probabilistic applications involving risk and confidence. Rarely does the first level course linger on such useful and fascinating topics as time series decomposition, with its practical applications of forecasting and seasonal adjustment of data. The statistical techniques involved in presenting these topics require only basic arithmetic skills and yet comprise one of the most useful applications of statistics by industry and government.