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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 ?
Cox Statistics Award and the Deming Lecturer Award.
Criticism of Government Statistics and Statistical Reform
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.
Statistic Brain is organized into 14 categories, ranging from Business, Company, and Financial to Education, Government, and Health.
The paper, called a Work Programme for Consumer Price Statistics, set out what the ONS believes is wrong with the calculation of consumer price inflation statistics in the UK and how they could be improved.
Although the idea of an 'Irish Statistical System' was clearly envisaged in the drafting of the 1993 Statistics Act, the concept was first clearly articulated by the National Statistics Board NSB) in their seminal 2003--2008 'Strategy for Statistics' (NSB, 2003a).
FAO has a long standing collaboration with the Government of Pakistan in the field of agriculture statistics. As a specialized UN agency, FAO helps collect, analyse, interpret and disseminate information and knowledge related to food and agriculture.
''The data from the administrative sources can complement the use of surveys in the production of statistics. It will also contribute to quality assuring the production of key economic statistics through a benchmarking mechanism,'' Professor Kobina Annim says.
Johnson and Kuennen (2006) conducted a study on student performance in an Introductory Business Statistics course and found that the student's gender was significantly related to performance on the course.
He holds a Bachelor of Science degree in Statistics from UP Diliman and two Master's degreesin Statistics and Economicsfrom the same university, where he also finished his Doctorate degree in Economics.
The PSA consolidates various statistical offices and bureaus of the different national government agencies under one authority, and consists of the former National Statistics Office (NSO), the National Statistical Coordination Board (NSCB), the Department of Agriculture's Bureau of Agricultural Statistics (BAS), and the Department of Labor and Employment's Bureau of Labor and Employment Statistics (BLES).