Statistics may seem like an abstract field reserved for researchers and analysts, but its influence extends far beyond academic settings. In fact, statistics play a vital role in shaping our daily lives, informing decision-making, guiding policies, and helping us make sense of complex information. From...
Wind power energy has a significant importance in the electric grid. As it is an inexhaustible and freely available resource, its usage is globally increasing. It is replacing all other costly exhaustible resources that were used so far. So, accurate prediction of wind power is...
Statistics is sub field of both science and mathematics as it uses the rules from these two fields. It works with the calculations and quantifications of data, scrutinizing it, elucidating, and dispensing it in the best form. The students of this subject collect the data...
Definition Branch of mathematics concerned with collection, classification, analysis, and interpretation of numerical facts, for drawing inferences on the basis of their quantifiable likelihood (probability). Statistics can interpret aggregates of data too large to be intelligible by ordinary observation because such data (unlike individual quantities)...
Introduction Cambridge dictionary defines international business as the activity of trading goods and services between countries. However international business is beyond this definition, it has a very wide scope. Basically, international business is a cross border transaction between individuals, business or government entities. The transaction...
Demography is the statistical sample of people, particularly in terms of size and density, distribution and vital statistics such as births, marriages, deaths, etc. History has its own ups and downs forever, and demography has been helping us since forever to study the effect of...
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