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What is Statistics?
`Statistics has been the most successful information science. Those who ignore statistics are condemned to reinvent it.'
Brad Efron
Statistics is the
science of learning from data (or making sense out of
data), and of measuring, controlling and communicating uncertainty.
It is a process that includes everything from planning for the collection of data
and subsequent data management to end-of-the-line activities
such as drawing conclusions of facts called
data and
presentation of results.
Uncertainty is measured in units of probability,
which is the currency (or grammar)
of statistics.
Statistics is concerned with study of data-driven decision making in the face
of uncertainty.
Statistics is central to decision-making. Managing uncertainty leads to better
decision-making.
As such, statistics is one of the most relevant and vital challenges of the information age that we live in.
Because of the increasing use of statistics, it has become very important
to understand and practise statistical thinking.
Want to know more about statistical thinking? Click
here.
Are you drowning in uncertainty and starving for
knowledge? Interested to get Statooed? Please use the
menu to your left as your guide through our web site, and allow us give us
an opportunity to present ourselves and our services.
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Big Data
Analytics - Methodological Training in Statistical Data
Science
Our View on Big Data and Data Science