Economy, asked by Nikhillll3238, 9 months ago

In modern age what statistics is condering to be?

Answers

Answered by rachana125
1

Answer:

Explanation:

Statistician probably didn’t leap to mind—but odds are it soon will. Number nerds, take heed: statistical skills are in increasingly high demand and being applied to an incredibly diverse set of exciting problems, says Penn State Professor of Statistics Naomi Altman.

The explosion of digital data is behind the boom in careers based on statistics, including actuarial science, informatics, and machine learning, Altman notes. “These fields have all been very highly ranked for a number of years now,” she explains. “Data are a huge resource, but statisticians are needed to help people make sense of the information gathered.”

Today’s new breed of stisticians are sleuths who use modern analytics to find patterns in vast oceans of information. “Almost every arena of life generates data that can be mined for valuable patterns,” says Altman, “ranging from predicting storm paths and movie sales to determining the best target drugs for individual genetic profiles.” What’s more, she adds, “Specialized areas of statistics, such as quality assurance in manufacturing and scheduling for transportation networks, have also grown tremendously. I am pretty confident that the statistician’s skill-set is going to be increasingly valuable.”

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