👁 Observations are a way of life. A person develops one’s skill, lives life, plans his life, intervene midway and predict by observing various things, people, places, relations and processes. Therefore, observations are very important and so is the science of observations. Statistics is such science. It cut across all sciences and is a part of all such sciences like Physics, Chemistry, Pharma, Zoology, History, Sociology, Psychology etc…
Welcome to the world of Statistics. Statistics is a very important tool for learning, planning and living a meaningful life. Everyone uses Statistics as a tool to understand their different subjects in their different perspectives. It is a science of observations, analysis, storage, retrieval, planning, forecasting and, living, managing and doing mid-course correction. Whether anyone has studied it or not, likes it or not, everyone is using it in some way or the other knowingly or unknowingly.
There are generally three uses of word “Statistic(s)”.
· As plural, “Statistics” is used for “Data, Data and Data”.
· As “Statistic”, it is used for meaning a function or a method like Mean, Median or Indicators etc. The “Development Indicator” is a framework of the indicators, stratifiers, and targets over time.
· Thirdly “Statistics” is also used for Science of Observations, whereby a student of this discipline learns Data management, Estimations, Testing of Hypothesis, Sampling Techniques, Quality Control, Operations Research, Design of Experiments, Factor Analysis, Correlations, Regressions… etc…
Vishnu Kant Srivastava 