Found 2 Articles for Statistics

Difference between Economists and Statisticians

Vineet Nanda
Updated on 15-Dec-2022 11:36:07
The collection and analysis of data are crucial steps in any venture, be it related to business, government, the environment, or even human welfare. It is the job of economists and statisticians to carry out these tasks. These two words are often used interchangeably due to their close relationship and the fact that data analysis is fundamental to all of them. However, they are not the same in any way. Who is an Economist? An economist is someone whose primary job responsibility is the analysis of data in settings as diverse as the private sector, academia, and government. The information ... Read More

Difference between Data Mining and Statistics?

Kiran Kumar Panigrahi
Updated on 21-Feb-2023 13:48:19
In businesses, in order to predict future issues, it is very important to analyze the past and present data. For this purpose, there are several data analysis techniques available like data mining and statistics.Data mining and statistics are used for making data-driven decisions; these are basically the primary components of data science. Data mining and statistics may seem to be similar, but they are quite different from each other. Read this article to learn more about Data Mining and Statistics and how they are different from each other. What is Data Mining? Data miningis the technique of exploration and analysis ... Read More