statistics

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statistics

1. methods of collecting and analysing numerical data.
2. a group of data.

Businesspeople make considerable use of statistical methods such as collecting SAMPLES in order to make STATISTICAL INFERENCES in such areas as MARKETING RESEARCH and QUALITY CONTROL. They also use government economic data in monitoring changes in the business environment.

statistics

1. a branch of mathematics that studies the theory and methods of collecting, tabulating and analysing numerical data.
2. a grouping of data. Economic analysis makes extensive use of economic data, which are subjected to statistical analysis in order to test ECONOMIC THEORIES. See HYPOTHESIS TESTING, ECONOMETRICS.
References in periodicals archive ?
We found that three nonparametric statistics of Huehn (1979) and the N[P.
The best point estimate of MV has now changed, depending upon how it is measured (traditional parametric statistics [mean], traditional nonparametric statistics [median], or simple averages), as the following shows:
Beside the latter value, strong correlations were also found between S2Yi and bi as well as between d2i or Wi and both nonparametric statistics.
Nonparametric Statistics for Health Care Research: Statistics for Small Samples and Unusual Distributions, 2nd Edition
They cover organizing data, averages and variation, elementary probability theory, the binomial probability distribution and related topics, normal curves and sampling, estimation, hypothesis testing, correlation and regression, chi-square and F distributions, and nonparametric statistics.
Chapters are in sections on the nature of data and statistics, analysis of variance, regression and correlation, and nonparametric statistics.
The MoM values were illustrated in a box-and-whisker plot, and the comparisons across generated groups was performed with nonparametric statistics.

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