Reasons to know why one should do higher studies in Statistics!

Posted July 12, 2021 by ssipune1248

With the advancement in digitization, data plays a significant role.

Following the increasing gravity of decisions and opinions rooted on data, it’s crucial that one can critically assess the quality of analyses that others present. Statistics is an exhilarating field about the thrill of discovery, learning, and challenging one's assumptions.

Statistics is a study of examining and collection of huge complicated data into simpler data. Statistics can be also referred to as a term which relates to the study of the collection, analysis, presentation of numerical data and has emerged from the field of mathematics known as probability which is a way to determine the randomness of an event. Statistics not only include the field of marketing and economics but also biology, sports, public health, medicines and many others. Thus, Statistics is an extremely interesting subject and if you want to specialize in statistics after graduation, there are some great M.Sc statistics colleges in India offering the course.

Today as we live in the information world and much of this information is determined mathematically by Statistics, this subject is of great importance. The use of statistics is vast like in the fields of economics, medicine, demography, psychology, advertising, etc.

To add further, there are few important reasons to know why one should study statistics. Some of these reasons have been briefly described below:

● The first reason to study statistics is to be able to effectively conduct research as without the application of statistics it would be very tough to make decisions based on the data assembled from a research project.

● The second reason is to be able to read journals. Most of the technical journals one gets to read contains some form of statistics. Thus, without any knowledge or understanding of statistics the information contained in the result section will be of no value.

● The third reason is to further blossom critical and analytic reasoning skills of the students. Also to Prosper in statistics one must develop and use formal logical thinking abilities that are both high level and creative.

● The fourth point to study statistics is to be an educated consumer. Statistics can both be used or misused. Therefore to have a basic knowledge of statistics can help one to be in a better position to evaluate the information that is provided.

To sum up, Statistics is an absolute necessity in this modern age aptly termed as “the age of planning”. If you have a keen interest in this field of study, Symbiosis School of Statistics is one of the best institutes offering M.Sc in statistics in Pune.
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Issued By SSI Pune
Country India
Categories Education
Tags msc in statistics in pune , msc statistics colleges in india
Last Updated July 12, 2021