The Economist Numbers Guide

Authored by richard stutely, the economist numbers guide: the essentials of business numeracy is a book that deals with making decisions and solving problems using the help of numerical methods. It starts off with an introduction to the importance of statistical thinking and numerical methodologies. The introduction gives a brief summary of all the chapters about to follow, thereby preparing the mindset of the readers for the information yet to come. This book is divided into 9 chapters, each of which deals with a different topic. The first chapter discusses the key concepts involved by elaborating on probability, notation, counting techniques, etc. The second chapter, titled finance and investment, deals with inflation, analysis of investments, exchange rates, etc. The third chapter of this book pertains to the descriptive measures used for analysis and interpretation. Forecasting techniques, sample and hypothesis testing, decision-making are some of the other sub-areas explored in th

Richard Stutely has been managing the numbers throughout a career which has spanned banking and finance, government, and private industry in several countries and regions - as, variously, manager, director, and entrepreneur. He had a regular column in Accountancy and has written extensively for journals such as The Economist and The Banker.