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Numbers Guide: The Essentials of Business Numeracy, Fifth Edition (The Economist Series) Hardcover – April, 2003


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Product Details

  • Hardcover: 256 pages
  • Publisher: Bloomberg Press; 5th edition (April 2003)
  • Language: English
  • ISBN-10: 1576601447
  • ISBN-13: 978-1576601440
  • Product Dimensions: 5.8 x 0.8 x 8.8 inches
  • Shipping Weight: 7.2 ounces
  • Average Customer Review: 4.7 out of 5 stars  See all reviews (6 customer reviews)
  • Amazon Best Sellers Rank: #1,273,134 in Books (See Top 100 in Books)

Editorial Reviews

From the Publisher

A handy reference to stay on top of global economic trends. In today's global arena it is imperative that business people keep abreast of the economics of nations around the world. Every day features the release of a new barrage of updated economic indicators and figures that carry often hidden messages about the direction of segments of the economy. This pocket reference enables readers to quickly revisit the meaning and impact of late breaking economic news and to make better decisions based on the looming economic terrain. --This text refers to an out of print or unavailable edition of this title.

From the Inside Flap

Crucial to business success, numerical methods are often viewed as too complex to understand, much less use. They are, in fact, far less complicated, able to be broken down into stepby-step instructions and processed by basic computing devices. This invaluable resource from the publishers of The Economist, the leading international business journal, simplifies and demystifies the numbers game, illustrating just how straightforward—and relatively easy—it really is. Taking you clearly and concisely through numerous fundamental functions, both elementary and advanced, The Economist Numbers Guide arms you with the tools necessary to not only approach numbers with more confidence, but solve financial problems more easily, analyze information more accurately, and make decisions more effectively. Covering finance and investment, forecasting techniques, hypothesis testing, linear programming, and a host of other important topics, it shows you how to handle everything from figuring interest and quantifying risk to projecting inflation and evaluating investment opportunities. In addition to the basic mechanics of numerical techniques, the Guide takes a look at their practical applications, including their role in stock control, simulation, and project management. To help you sidestep potentially costly mistakes, it also highlights common errors to avoid, such as rounding incorrectly and bypassing time series selection. Along with sample calculations, concise definitions, and clear explanations, as well as more than 100 charts, graphs, and tables, The Economist Numbers Guide features an A-to-Z dictionary that encompasses key terms—from autocorrelation to zero sum game—and provides useful reference material on such essentials as conversion factors and formulae for calculating areas and volumes. In-depth and easy-to-use, this is an indispensable reference for business and numbers success. --This text refers to an out of print or unavailable edition of this title.

Customer Reviews

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Most Helpful Customer Reviews

39 of 40 people found the following review helpful By A Customer on March 17, 2004
Format: Hardcover
I have read cover-to-cover a previous edition of this book (when it was published by Wiley in 1998) and recently had an opportunity to carefully peruse this current edition (5th ed. by Bloomberg Press???). What I found is that this is a strange case of how a great book (the 1998 edition) turned into merely a good book (this 5th edition). Because of this regression toward the average, I deducted one star from my review (but still feel that it is good enough for 4 stars).
As you may have noticed, I really loved the older edition of The Economist Numbers Guide that I thankfully own. It is a great overview and introduction of mathematics as it relates to business. There are a lot of great things about that edition of this book. One of the things I admired about it was the range of topics covered, from interest rates and basic probability/statistics all the way up to Markov Chains, linear programming, and marginal analysis. It is hard to find the breadth of topics covered in that book elsewhere - whether all in one book or in any combination of books.
So I found it perplexing that this 5th edition dedacted some materials and topics covered in older editions. Gone are the interesting discussion of descriptive statistics for sets of data that do not easily conform to any of the standard probability distributions (e.g., where median is the best measure of the 'average' and substitutes must be used for the more common parameters such as standard deviation). I have a hard time finding anything coherent much less accessible on those topics elsewhere so it is a shame that they were left off of the 5th edition.
The only new material (not previously present) is a short blurb on public-key cryptography.
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11 of 13 people found the following review helpful By A Customer on December 10, 2000
Format: Hardcover
This book provides concise and clear definitions of business analytics with practical applications. Excellent for the neophyte in business math. Helpful index and glossary to get started. Good guide to use if learning stats or marketing research.
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5 of 7 people found the following review helpful By A Customer on June 11, 2000
Format: Hardcover
For a novice in economics, not an easy field to be a novice in, this was a helpful book. It got me started, by which I mean I wasn't completely lost when I read it.
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