What's important is that the method used to calculate the statistic is uniform each time.
A factory might want to simply count the number of widgets it makes.
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This basic principle extends to all manner of statistics, from the key financial ratios of a business to the productivity calculations of a factory or the number of page views a website gets.
The Future The rise of the internet and its use in data gathering, along with a rapid decline in the price of computers and data storage systems has given rise to an explosion in statistics.Check out these insanely creative business plan templates for your new business idea and imagine the difference one could make in helping you get past that first major hurdle with investors: grabbing their attention in a BIG way.Present your market analysis, timeline, statistics, and more in an engaging and highly visual infographic.These, and hundreds more sample business plans, are included in Live Plan.It's the fastest way to create a business plan for your business. If employees work 10 hours per day one week, and eight hours the next, it would be difficult to say the numbers are necessarily comparable.It might be better to calculate the number of widgets made per hour.Updating and referring to your plan on a regular basis can drive better decision making and help keep your focus clear.This is critical as the demands of growth, customers, staff, and investors threaten to cloud your company's vision.In large organizations, statistics are used to make a wide range of decisions.In small businesses, statistics help banks make decisions on whether to offer loans based on key financial ratios contained in a company's financial statement, loans that can be used to grow a new firm.