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Social statistics is the use of statistical measurement systems to study human behavior in a social environment. Statistical finance , an area of econophysics , is an empirical attempt to shift finance from its normative roots to a positivist framework using exemplars from statistical physics with an emphasis on emergent or collective ...
Social statistics is the use of statistical measurement systems to study human behavior in a social environment. This can be accomplished through polling a group of people, evaluating a subset of data obtained about a group of people, or by observation and statistical analysis of a set of data that relates to people and their behaviors.
In business, "statistics" is a widely used management-and decision support tool. It is particularly applied in financial management, marketing management, and production, services and operations management. [69] [70] Statistics is also heavily used in management accounting and auditing.
Official statistics should be objective and easily accessible and produced on a continuing basis so that measurement of change is possible. [8] Official statistics result from the collection and processing of data into statistical information by a government institution or international organization. They are then disseminated to help users ...
Basic forms of statistics have been used since the beginning of civilization. Early empires often collated censuses of the population or recorded the trade in various commodities. The Han dynasty and the Roman Empire were some of the first states to extensively gather data on the size of the empire's population, geographical area and wealth.
Data science is "a concept to unify statistics, data analysis, informatics, and their related methods" to "understand and analyze actual phenomena" with data. [5] It uses techniques and theories drawn from many fields within the context of mathematics, statistics, computer science, information science, and domain knowledge. [6]
Statistical literacy is the ability to understand and reason with statistics and data. The abilities to understand and reason with data, or arguments that use data, are necessary for citizens to understand material presented in publications such as newspapers, television, and the Internet.
Econometrics is an application of statistical methods to economic data in order to give empirical content to economic relationships. [1] More precisely, it is "the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference."