In Statistics Data is the main speaker. We have to let the
Data do all the speaking and tell us its story.
But should we hear the full story? Or should we be satisfied
with just the summary?
Mean, Mode, Median, Pie Charts and Bar Graphs seem to be
very popular among students/researchers. But these measures give only an
overview of information conveyed by the data. These measures give only a
summary of this story. There are several other statistical methods which
conduct in depth analysis of data and tell us the full story. Let’s use the
full potential of data hear its full story. Regression analysis, Principal
component analysis, factor analysis and categorical data analysis are names of
some of such measures.
Our work as students/researchers is to apply right
statistics to right data so that this information communicated by the data is
understood and imbibed by us. Then we have link this information to the right
context in a right manner.
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