FUNCTION OF STATISTICS

function of statistic

                         FUNCTION OF STATISTICS:

         There are many function of satistic that helps and make easy       vaorius types problems.

          Here we mentioned five important function of statistic which are.

     1.  SIMPLIFICATION OF COMPLEX FACT:

  Sometime time we have to collect and organize huge amount of facts and figure which is beyond the reach of human mind. Here statistical method makes it to possible to understand in the short span of time in better way.

      2.  COMPARISON:

  Comparison is another function of statistic; the simplified data can be correlated and compared by certain mathematical question like average and ratio etc.

      3.  RELATIONSHIP BETWEEN FACTS:

 In this function of statistic it used to investigate the relation between two or more facts.

Such as relation between demand and supply.

      4.  FORECASTING:

  The prediction of future course of action of the phenomenon can be considered as an important function of statistic

      5.   CLASSIFICATION OF DATA:

   The process of splitting data into certain parts which help in the matter of comparison, analysis and interpretation of the various features of the data.