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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.

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Last updated on November 01, 2019.