Search This Blog

Sunday 13 June 2010

Statistics

Statistics is amazing tool where we can discover a lot of hidden patterns and relationships either causations or correlations between the different variables. The value of statistics increase whenver we don't have full understanding about the underlying dyanmics and the underlying dertminsitic math governing the phenomenon. Only statistics in this situation can convert all these tons of data in more meaningfull and understood information.

The progress of a country can be measured by their progress in statistics. The key principal value and objective about statistics is the measurement which is the inital process in any imprevement and in any planning.

As LEAN procedures state that the first task to improve any process is to measure. Statistics as well is about measurement.

Each society whould have huge statistical database and the all planning should be based on it.

No comments:

Post a Comment