Discuss the meaning and scope of statistics
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Statistics is a mathematical science pertaining to the collection, analysis, interpretation or explanation and presentation of data. It provides tools for predicting and forecasting the economic activities. It is useful for an academician, government, business etc.
On the basis of various definitions provided by economists, statistics has been broadly defined in two senses: first is in plural sense and the second is in singular sense.
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Statistics is a mathematical science pertaining to the collection, analysis, interpretation or explanation and presentation of data. It provides tools for predicting and forecasting the economic activities. It is useful for an academician, government, business etc.
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