Analysis of Data:​ Correlation: In statistics and probability theory, correlation means how closely related two sets of data are. Correlation does not always mean that one causes the other. It is very possible that there is a third factor involved. Correlation usually has one of two directi... read more
January 08, 2018
Sampling methods are as follows; Probability Sampling Non-Probability Sampling Probability Sampling: A probability sampling scheme is one in which each unit in the population has a chance (greater than zero) of being selected in the sample, and this possibility can be accurately determined. Th... read more
August 22, 2017
If it is imaginable to develop an accounting theory (Hendriksen and McDonald) then how do we approach its development? Research in this area has centered on traditional approaches, regulatory approaches and what has come to be observed as new approaches. Following are the approachesTraditional approachesTraditional appro... read more
May 29, 2017
Demand schedule discusses a tabular representation of the association between price and quantity demanded. It determines the quantity of a product demanded by an individual or a cluster of individuals at specified price and time. Demand schedule can further have categorized into two types;These two types of demand sche... read more
February 20, 2017
The scope of financial management includes three clusters. First – concerning to finance and cash, second – increasing of fund and their administration, third – along with the activities of rising funds, these are part and section of total management, Isra Salomon fingered that in view of funds ... read more
January 26, 2017