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Branches of Statistics

In this PPT, you will learn about the branches of statistics. We hope this blog was helpful to you and you understood it completely.

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Branches of Statistics

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  1. Topics to be covered • Overview • What is Statistics? • Key Takeaways • Branches of Statistics • Descriptive Statistics • Inferential Statistics • Conclusion Today's Discussion

  2. Overview Here you will learn about the branches of statistics. And we think that every statistics student should know about it. Let’s have a look at what statistics is first, before we start.

  3. What is Statistics? The most important branch of mathematics is statistics. It is used to accomplish a variety of tasks, such as data collecting, organisation, and analysis. Or we can say that statistics is a type of mathematical analysis that uses quantitative models to generate a set of experimental data or real-world studies. Statistics explores the methods for gathering, examining, interpreting, and drawing conclusions from data.

  4. KEY TAKEAWAYS • Statistics is the study and the manipulation of the data, including methods for data collecting, organisation, analysis and conclusion. • Descriptive and inferential statistics are the two main areas of statistics. • Business and investment decisions can improve from the use of statistics.

  5. Branches of Statistics Descriptive Statistics • The first aspect of statistics is descriptive statistics, which deals with the presentation and collecting of data. It is not so simple as it appears, and the statistician must be aware of how to design and experiment, select the appropriate focus group, and prevent biases that are all too easy to introduce into the experiment. • Generally, descriptive statistics can be categorized into • Measures of central tendency • Measures of variability

  6. Branches of Statistics Inferential Statistics Inference statistics are statistical techniques that allow statisticians to utilise data from a sample to conclude, predict the behaviour of a given population, and make judgments or decisions. Using descriptive statistics, inference statistics frequently talk in terms of probability. Furthermore, a statistician uses these techniques mainly for data analysis, writing, and drawing conclusions from the limited data. This is accomplished by taking samples and determining their reliability.

  7. Conclusion It is all about the branches of statistics. Now, you should now have a better idea about the branches of statistics. We hope this blog was helpful to you and you understood it completely. But if in any case you are facing any kind of trouble and want our help with statistics homework, then you are in the right place. Our experts provide you the best service. You can contact us any time. We are 24*7 available here to help you.

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