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How do you define statistics?

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Question added by Ali Waqas Bhatti , Electrical Engineer , Lakson Group of Companies
Date Posted: 2015/10/14
jarry jafery
by jarry jafery , Data Architect/Data Engineer/Data Scientist , Logicera.net

Statistics is a field of social sciences in which we draw results on the basis of available data and can also forecast the results depending upon the nature of the data.

sagar uparkar
by sagar uparkar , Manager , Icici Bank

Hi Ali,

 

Good evening.  In my opinion, statistics is the tool to analyze historical data using statistical method and infer the meaningful and insightful results which help to business world to make decision about the strategy which will help them to prevent the undue risk or improve their existing business or helps to enterprisers to establish their business.

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