Statistics is a science that is aimed at categorizing empirical data. This discipline is considered to be a branch of mathematics. It includes analyzing the collected data and making a digital summery in form of a graph or a table. Statistics operates such instruments, like prediction through the numeric data and creating statistic forecasting. The discipline is used in a vast range of other fields, such as Economics, Building, Insurance and Finance. It has evolved into a complex study with advanced techniques and operations, broadening the scope of its area of influence.
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