IDEAS home Printed from https://ideas.repec.org/a/zna/indecs/v13y2015i1p154-166.html
   My bibliography  Save this article

Business Sample Survey Measurement on Statistical Thinking and Methods Adoption: The Case of Croatian Small Enterprises

Author

Listed:
  • Berislav Zmuk

    (Department of Statistics, Faculty of Economics and Business - Zagreb, University of Zagreb)

Abstract

The objective of this research is to investigate attitudes of management in Croatian small enterprises that use statistical methods towards statistical thinking in order to gain an insight into related issues. The research was conducted in 2013 using a web survey with a random sample of 631 Croatian small enterprises, but this paper focuses only on those enterprises that use statistical methods. In order to get detailed information, a complex stratified sample survey design was used. In the analysis, chi-square tests of independence were used. In the statistical tests of proportion, the nonresponse adjustment factors as weights and weighted proportions were used. It has been shown that the vast majority of Croatian small enterprises (65,93 %) do not even use statistical methods in their business. On the other hand, the enterprises which use statistical methods have recognized the value and capabilities of statistical methods use. The research has shown that the vast majority of enterprises do not use statistical methods due to administrative reasons. In spite of using statistical methods as a supporting tool in the decision-making process in very important and key business cases, Croatian small enterprises admitted the lack of statistical methods use in their business. Also, investments into the statistical methods use are very scarce. This has led to employees' low statistical methods use knowledge level. The statistical methods use led to better business results in more than 90 % of small enterprises. It has been shown that statistical methods use effects on business results have on average a 6-12 months lag. This research leads to the conclusion that more efforts should be put into development of statistical thinking in these enterprises and familiarizing them with statistical methods use, with the aim of increasing their use and improving business results.

Suggested Citation

  • Berislav Zmuk, 2015. "Business Sample Survey Measurement on Statistical Thinking and Methods Adoption: The Case of Croatian Small Enterprises," Interdisciplinary Description of Complex Systems - scientific journal, Croatian Interdisciplinary Society Provider Homepage: http://indecs.eu, vol. 13(1), pages 154-166.
  • Handle: RePEc:zna:indecs:v:13:y:2015:i:1:p:154-166
    as

    Download full text from publisher

    File URL: http://indecs.eu/2015/indecs2015-pp154-166.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Nada R. Sanders & Karl B. Manrodt, 1994. "Forecasting Practices in US Corporations: Survey Results," Interfaces, INFORMS, vol. 24(2), pages 92-100, April.
    2. Ronald D. Snee, 1999. "Discussion: Development and Use of Statistical Thinking: A New Era," International Statistical Review, International Statistical Institute, vol. 67(3), pages 255-258, December.
    3. S. B. Dransfield & N. I. Fisher & N. J. Vogel, 1999. "Using Statistics and Statistical Thinking to Improve Organisational Performance," International Statistical Review, International Statistical Institute, vol. 67(2), pages 99-122, August.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Armstrong, J. Scott & Green, Kesten C. & Graefe, Andreas, 2015. "Golden rule of forecasting: Be conservative," Journal of Business Research, Elsevier, vol. 68(8), pages 1717-1731.
    2. N. I. Fisher & V. N. Nair, 2009. "Quality management and quality practice: Perspectives on their history and their future," Applied Stochastic Models in Business and Industry, John Wiley & Sons, vol. 25(1), pages 1-28, January.
    3. Syntetos, Aris A. & Kholidasari, Inna & Naim, Mohamed M., 2016. "The effects of integrating management judgement into OUT levels: In or out of context?," European Journal of Operational Research, Elsevier, vol. 249(3), pages 853-863.
    4. Chang, Tsung-Sheng & Tone, Kaoru & Wu, Chen-Hui, 2016. "DEA models incorporating uncertain future performance," European Journal of Operational Research, Elsevier, vol. 254(2), pages 532-549.
    5. Lawrence, Michael & O'Connor, Marcus, 2000. "Sales forecasting updates: how good are they in practice?," International Journal of Forecasting, Elsevier, vol. 16(3), pages 369-382.
    6. Ozer, Muammer, 2005. "Factors which influence decision making in new product evaluation," European Journal of Operational Research, Elsevier, vol. 163(3), pages 784-801, June.
    7. Youssef Boulaksil & Philip Hans Franses, 2009. "Experts' Stated Behavior," Interfaces, INFORMS, vol. 39(2), pages 168-171, April.
      • Boulaksil, Y. & Franses, Ph.H.B.F., 2008. "Experts' Stated Behavior," ERIM Report Series Research in Management ERS-2008-001-MKT, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
    8. Robert Fildes & Paul Goodwin, 2007. "Against Your Better Judgment? How Organizations Can Improve Their Use of Management Judgment in Forecasting," Interfaces, INFORMS, vol. 37(6), pages 570-576, December.
    9. Arvan, Meysam & Fahimnia, Behnam & Reisi, Mohsen & Siemsen, Enno, 2019. "Integrating human judgement into quantitative forecasting methods: A review," Omega, Elsevier, vol. 86(C), pages 237-252.
    10. Goodwin, P., 1996. "Statistical correction of judgmental point forecasts and decisions," Omega, Elsevier, vol. 24(5), pages 551-559, October.
    11. A A Syntetos & J E Boylan & S M Disney, 2009. "Forecasting for inventory planning: a 50-year review," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 60(1), pages 149-160, May.
    12. Moon, Mark A. & Mentzer, John T. & Smith, Carlo D., 2003. "Conducting a sales forecasting audit," International Journal of Forecasting, Elsevier, vol. 19(1), pages 5-25.
    13. Alvarado-Valencia, Jorge & Barrero, Lope H. & Önkal, Dilek & Dennerlein, Jack T., 2017. "Expertise, credibility of system forecasts and integration methods in judgmental demand forecasting," International Journal of Forecasting, Elsevier, vol. 33(1), pages 298-313.
    14. Lawrence, Michael & Sim, William, 1999. "Prototyping a financial DSS," Omega, Elsevier, vol. 27(4), pages 445-450, August.
    15. Lawrence, Michael, 2000. "What does it take to achieve adoption in sales forecasting?," International Journal of Forecasting, Elsevier, vol. 16(2), pages 147-148.
    16. Remus, William & O'Connor, Marcus & Griggs, Kenneth, 1998. "The impact of information of unknown correctness on the judgmental forecasting process," International Journal of Forecasting, Elsevier, vol. 14(3), pages 313-322, September.
    17. Theocharis, Zoe & Harvey, Nigel, 2019. "When does more mean worse? Accuracy of judgmental forecasting is nonlinearly related to length of data series," Omega, Elsevier, vol. 87(C), pages 10-19.
    18. JS Armstrong & Fred Collopy, 2004. "Integration of Statistical Methods and Judgment for Time Series," General Economics and Teaching 0412024, University Library of Munich, Germany.
    19. Yelland, Phillip M., 2010. "Bayesian forecasting of parts demand," International Journal of Forecasting, Elsevier, vol. 26(2), pages 374-396, April.
    20. Tliche, Youssef & Taghipour, Atour & Canel-Depitre, Béatrice, 2020. "An improved forecasting approach to reduce inventory levels in decentralized supply chains," European Journal of Operational Research, Elsevier, vol. 287(2), pages 511-527.

    More about this item

    Keywords

    statistical thinking; business survey; complex sample survey design; weighted stratified proportion estimator; chi-square tests of independence;
    All these keywords.

    JEL classification:

    • C12 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Hypothesis Testing: General
    • C42 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Survey Methods
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zna:indecs:v:13:y:2015:i:1:p:154-166. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Josip Stepanic (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.