Statistics refers to a set of mathematical procedures to collect, organize, analyze, summarize and interpret the data.
For every application like a scientific, industrial or social problem, a statistical model is containing the data related to the problem is prepared. The model allows a detailed study of the individual and cumulative facts and figures to find the roots of the problem and develop an acceptable solution.
Applications of Statistics
Actuarial Science: Risk assessment for Insurance and Finance industry
Astrostatistics: Study of Astronomical data
Biostatistics: Branch of Biology that deals with medical statistics
Business analytics: Study of Business performance and opportunities
Chemometrics: Measurement of a Chemical system
Demography: Study of the population
Econometrics: Empirical study of Economic theories, concepts and their relationship
Epidemiology: Study of factors affecting public health
Geostatistics: Study of elements of Geography
Machine Learning: Subfield of Computer science
Operations Research: Modeling of Mathematical problems
Population Ecology: Study of the population and their interaction with the environment
Psychometrics: Measurement of knowledge, abilities and attitudes
Quality Control: Statistical sampling for decisions in process control
Quantitative Psychology: Study of human behavior
Reliability Engineering: Study of components of a system
Statistical Mechanics: Study of motion of particles under the influence of force
Statistical Physics: Study of physical problems
Statistical Signal Processing: Study of signals
Statistical Thermodynamics: Study of the microscopic behavior of heat, free energy and other elements of thermodynamics
A student of statistics, as Statistician works on the applied statistics. He uses his combine knowledge of statistics and other subjects to produce better results. His job could be in the field of insurance, engineering, geography, demography or medical. Study of statistics opens a wide range of career options and it also helps in other disciplines. For a detailed study of models of statistics and a better understanding of the subject, you should hire a personal tutor.
Tutorleague for Statistics
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