The answer is generally no. I note there is no hard and fast definition of the field of statistics. The definition of the field or discipline of statistics is not to reduce the number of values in the set of collected data. An objective of statistics is to characterize or add meaning to the collected data, through calculated values of the data. In this sense, statistics summarizes the data.
data collected over several time periods is what type of data?
Data that is collected may have been collected previously for some reason, or it might have been collected recently. Data is usually collected to show statistics or information about something specific.
Statistics as a numerical facts are data collected and organised numerically, whilst Statistic as a discipline or field of study which involves collecting, organizing, summarizing and presenting of data.
Inferential statistical methods are used when data is collected from a sample in the population. Inferential statistics are used to generalize the results of the sample to the population. In a census you have data from each and every member of the population, so you just use descriptive statistics.
how is data collected and used for the purpose of national statistics
The answer is generally no. I note there is no hard and fast definition of the field of statistics. The definition of the field or discipline of statistics is not to reduce the number of values in the set of collected data. An objective of statistics is to characterize or add meaning to the collected data, through calculated values of the data. In this sense, statistics summarizes the data.
data collected over several time periods is what type of data?
Data that is collected may have been collected previously for some reason, or it might have been collected recently. Data is usually collected to show statistics or information about something specific.
Primary data is is data that has been observed or collected first hand
primary data is a data that has been observed or collected first hand
They are essential for example for forward planning from collected data
usinesses rely heavily on statistics to determine consumer trends and calculate important economic data. The data that is collected and the information derived from that data is useful in planning...
Inferential statistics. This branch of statistics involves making inferences or predictions about a population based on data collected from a sample taken from that population.
Statistics as a numerical facts are data collected and organised numerically, whilst Statistic as a discipline or field of study which involves collecting, organizing, summarizing and presenting of data.
Please give me a importance of study of statistics
Data collected on large populations and stored in databases is referred to as big data. This type of data is typically characterized by its volume, velocity, and variety, and requires specialized tools and techniques to analyze and derive insights from.