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What are application of statistics?

Statistics help in providing data as well as tools to analyze the data. Some powerful techniques are index numbers, time series analysis, and also forecasting. These are immensely useful in the analysis of data in economic planning. Further, statistical techniques help in framing planning models too.

In which country statistics was used for the first time?

The history of statistics in the modern way is that it originates from the term statistics, found in 1749 in Germany. Although there have been changes to the interpretation of the word over time.

Who used the word statistics for first time?

The Word Statistics Meaning and Use. The post is about The Word Statistics Meaning and Use. The word statistics was first used by a German scholar Gottfried Cornwall in the middle of the 18th century as the science of statecraft concerning the collection and use of data by the state.

Who first used the term statistics?

In 1791 Sir John Sinclair introduced the term 'statistics' into English in his Statistical Accounts of Scotland.

Where did the word statistics originate from?

The Word statistics have been derived from Latin word Status or the Italian word Statista, meaning of these words is Political State or a Government. Shakespeare used a word Statist is his drama Hamlet (1602). In the past, the statistics was used by rulers.

What was the primary use of statistics in ancient times?

What was the primary use of statistics in ancient times? Statistics can be described as the collection, summarization, analysis and reporting of numerical findings relevant to a business decision or situation.

How did statistics originate?

The Word statistics have been derived from Latin word Status or the Italian word Statista, meaning of these words is Political State or a Government. Shakespeare used a word Statist is his drama Hamlet (1602). In the past, the statistics was used by rulers.

How did statistics come into existence?

The term statistics is ultimately derived from the New Latin statisticum collegium (“council of state”) and the Italian word Statista (“statesman” or “politician”). It was introduced into English in 1791 by Sir John Sinclair when he published the first of 21 volumes titled Statistical Account of Scotland.

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