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1.4 A Set of Historical Data

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Historical data are not collected by the experimenter. The data are made available to him/her.

Many fields of study such as the many branches of business studies, use historical data. A financial advisor for planning purposes uses sets of historical data. Many investment services provide financial data on a company‐by‐company basis.

Statistics and Probability with Applications for Engineers and Scientists Using MINITAB, R and JMP

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