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Statistics(from German: Statistik, orig."description of a state, a country"[1]) is the discipline that concerns the collection, organization, analysis, interpretation, and presentation of data.[2] In applying statistics to a scientific, industrial, or social problem, it is conventional to begin with a statistical populationor a statistical ...
t. e. 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." [2]
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Data analysisis the process of inspecting, cleansing, transforming, and modelingdatawith the goal of discovering useful information, informing conclusions, and supporting decision-making.[1] Data analysis has multiple facets and approaches, encompassing diverse techniques under a variety of names, and is used in different business, science, and ...
High school. Business mathematics, sometimes called commercial math or consumer math, is a group of practical subjects used in commerce and everyday life. In schools, these subjects are often taught to students who are not planning a university education. In the United States, they are typically offered in high schools and in schools that grant ...
Forecasting is the process of making predictions based on past and present data. Later these can be compared (resolved) against what happens. For example, a company might estimate their revenue in the next year, then compare it against the actual results creating a variance actual analysis. Prediction is a similar but more general term.
Analytics. Analytics is the systematic computational analysis of data or statistics. [1] It is used for the discovery, interpretation, and communication of meaningful patterns in data, which also falls under and directly relates to the umbrella term, data science. [2] Analytics also entails applying data patterns toward effective decision-making.
Rguroo Statistical Software - An online statistical software designed for teaching and analyzing data. S-PLUS – general statistics package. SAS (software) – comprehensive statistical package. SHAZAM (Econometrics and Statistics Software) – comprehensive econometrics and statistics package.