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.

Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

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.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
The Dubai Statistics Center objectives are to meet the needs of different actors by statistical data reliable in the design and development plans, according to their strategy of establishing a comprehensive statistical data that is updated periodically in the fields of the economic, social, demographic, housing facts and figures in Dubai.
* The dioceses rely on parishes for statistical data. Even a smaller diocese like Rupert's Land, in southern Manitoba, has to wait for some 82 parishes to forward data before compiling a report for the national church;
The court reviewed statistical data regarding drive-by shootings, drug sales, and other criminal activity in the Soundview neighborhood and determined that there was, in fact, a serious problem.
Medicaid Statistics provides selected summary statistical data generated from a variety of data sources.
"Statistical data is now widely used in making all kinds of high-level decisions," he said.
FAISALABAD -- Statistical data with empirical evidence was imperative to make right decisions, said University of Agriculture (UAF) Vice Chancellor Dr Mohammad Iqbal Zafar.
According to statistical data of Pakistan Bureau of Statistics on month on month basis inflation stood at 1.16 per cent as against 2.02 per cent in July 2013, while the average inflation in 2MFY14 stood at 8.41 per cent.
Muscat, Dec 11 (ONA) The Ministry of Agriculture and Fisheries organized at the office of the Minister of State and Governor of Muscat today an information seminar on the Agricultural Census 2012/2013 and its implementation mechanism, under the patronage of Sayyid Mohammed bin Ahmed al-Busaidi, Deputy Wali of Muscat who said that the aim of this national project to provide statistical data to the infrastructure of agriculture and livestock sector to design development and service plans and programmes in the future.
Historical literature, documents, and statistical data are brought to life with personal interviews, first-hand accounts, and descriptions of the author's own travels in Asia.
Federal Decree stipulated that the Centre will develop modern legislation giving legal framework for statistical work in the country and will specify the competent authority for compiling official statistical data and will define its duties as well as its relations with federal and local institutions, especially the statistics centres of the local governments and the private sector.
The EU Council of Ministers adopted Regulation 10524/2/05 on December 12 concerning the quality of statistical data in the context of excessive deficit procedures and in particular regarding public deficits and debt.

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