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Statistics is a mathematical body of science that pertains to the collection, analysis, interpretation or explanation, and presentation of data, [8] or as a branch of mathematics. [9] Some consider statistics to be a distinct mathematical science rather than a branch of mathematics. While many scientific investigations make use of data ...
Shelter is a significant spending category for most Americans. In 2022, Americans spent 33.3% of their income on housing, per the Bureau of Labor Statistics. The cost of shelter rose by 5.7% from ...
Statistics, in the modern sense of the word, began evolving in the 18th century in response to the novel needs of industrializing sovereign states . In early times, the meaning was restricted to information about states, particularly demographics such as population. This was later extended to include all collections of information of all types ...
e. In common usage, data ( / ˈdeɪtə /, also US: / ˈdætə /; ) are a collection of discrete or continuous values that convey information, describing the quantity, quality, fact, statistics, other basic units of meaning, or simply sequences of symbols that may be further interpreted formally. A datum is an individual value in a collection of ...
Statistic. A statistic (singular) or sample statistic is any quantity computed from values in a sample which is considered for a statistical purpose. Statistical purposes include estimating a population parameter, describing a sample, or evaluating a hypothesis. The average (or mean) of sample values is a statistic.
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]
Official statistics provide a picture of a country or different phenomena through data, and images such as graph and maps. Statistical information covers different subject areas ( economic, demographic, social etc.). It provides basic information for decision making, evaluations and assessments at different levels.
e. Economic statistics is a topic in applied statistics and applied economics that concerns the collection, processing, compilation, dissemination, and analysis of economic data. It is closely related to business statistics and econometrics. [1] It is also common to call the data themselves "economic statistics", but for this usage, "economic ...