management- decision support financial management marketing management production services operations management management accounting auditing Management Science Econometrics economic data economic relationships data mathematics
In business, "statistics" is a widely used management- and decision support tool. It is particularly applied in financial management, marketing management, and production, services and operations management . Statistics is also heavily used in management accounting and auditing. The discipline of Management Science formalizes the use of statistics, and other mathematics, in business. (Econometrics is the application of statistical methods to economic data in order to give empirical content to economic relationships.)
