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 ?
Additionally, the level of AST and log AST, transformed for the parametric statistics, was mostly elevated according to the number of CT findings (P = 0.
Considering that the sample size is small, asymptotic results of Classical Parametric Statistics cannot be used.
Taleb's two decades of experience generated a profound distrust of parametric statistics as they are applied to the assessment of risk and uncertainty, but most of all to making economic predictions.