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Chapter: 12th Economics : Introduction to Statistical Methods and Econometrics

Definitions of Statistics

Statistics as a science of estimates and probabilities

Definitions of Statistics

The term ‘Statistics’ is used in two senses: as singular and plural. In singular form it simply means statistical methods. Statistics when used in singular form helps in the collection, presentation, classification and interpretation of data to make it easily comprehensible. In its plural form it denotes collection of numerical figures and facts. In the narrow sense it has been defined as the science of counting and science of averages. AnotherX̅ meaning is sample characteristics like X(Bar) , s….. while parameter is used to refer to population characteristics like M,σ ….

Definitions of Statistics

Statistics as a science of estimates and probabilities

- Boddington

Statistics may be defined as the collection, organisation, presentation, analysis and interpretation of numerical data

- Croxton & Cowden


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