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 ?
Sabir bin Said Al Harbi, Director General of GCC-Stat, stressed on the vital role of economic statistics as a base for GCC-Stat's reports and bulletins.
It does not provide information on the source of the statistic.
While a code of practice for official European statistics has been established for almost a decade (14), a national code of practice providing guidance on the compilation of official statistics has never been put in place.
We now understand statistics to be an applied mathematics-based empirical discipline involving the systematic collection, analysis, interpretation, presentation, and distribution of relevant data.
Ramesh Kumar said that Ministry of Statistics must prepare report about production of sugarcane and sugar, consumption and mills in order to get help in decision making.
The development of this law is part of a twinning project funded by the EU (2016/2018), in partnership with the National Institute of Statistics and Economic Studies of France (INSEE), the Institute of Statistics of Italy (ISTAT) and with support from "Statistics Lithuania", he recalled.
NSM is observed in October to promote, enhance, and instill nationwide awareness and appreciation of the importance of statistics to various sectors of society and elicit the cooperation and support of the general public in upgrading the quality and standards of Philippine statistics.
The most recent release of prototype statistics allows BEA to continue to solicit feedback from potential data users on the methodology used to calculate these new quarterly statistics.
Lot 7: support for statistics collected with the Eurostat/ITF/UNECE common questionnaire.
study, researchers looked at Statistics Anxiety as being synonymous with mathematics anxiety.
Wider and deeper improvements are still needed to the presentation and explanation of government statistics if public trust in them, and therefore in public policy, is to be earned and kept," the report found.