This unit highlights the importance of statistical methods and tools for managers and analysts, and demonstrates how to apply these methods to business problems using real-world data. Students learn in this unit will be benefit in all areas of business. Through taking this unit students learn how to model and analyse the relationships within business data; how to identify the appropriate statistical technique in different business environments; how to compute statistics by hand and using special purpose software; how to interpret results in the context of the business problem; and how to forecast using business data.