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The scope of statistics has now spread to all those areas where numerical facts are used such as economics, business industry, medicine, physics, chemistry, to name a few. Statistics is one of the most important mathematical tools in science. A lot of information is not exact in nature and some inaccuracies are unavoidable. Statistics is the science to help minimize these sorts of inaccuracies and to eliminate the errors from our data. It is a process of collecting, processing, analyzing, and interpreting the data.
In the past statistics was restricted to a fixed area and was called as mathematical statistics. But now-a-days applied statistics is also a very important part of this branch. Statistics, in its widest meaning, is a collection of methods, techniques and procedures that are used to solve and predict the future of people, things and events. Statistics is no more confined to a fixed area and is now being used in many fields like medicine, engineering, economics and science. In some other applications, statistics is also used to study the past. However, statisticians use mathematical models to find relations between phenomena. Thus, any study of statistics is concerned with mathematical methods, statistical principles, statistical models, statistical theory and statistical inference.
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