Credit risk management is the heart to most of the financial institutions. It refers to the management of the risks that are made to occur due to the possibility of money borrowers not keeping their promise to clear their debts. Credit risk management is a big challenge to most money lending institutions since it should aim at preventing the losses which are bound to occur in future and it is not easy to estimate these losses. For an effective credit…

Preface to Statistics

If there is one subject that is going to be an integral part of the Information Age throughout its existence, it is going to be Statistics. This subject that belongs to the field of Mathematics and Science deals with the analysis, organization, interpretation and distribution of data. All the observations, surveys and experiments are conducted via this field of study. Since Statistics provides the contemporary era with vast information, it has acquired an…