Career and Job Prospects in Statistics:
Statistics Courses in India are among the most coveted as they are revered and provide attractive job opportunities. Statistics as an independent subject grew in importance after the 1940s. Statistics is a subject dealing in numbers and figures. With the growth of market economy it became important for manufacturers, policy makers, and government bodies to make production and budgetary plans well in advance.
Statistics is an extremely useful tool in the hands of statisticians and economists to predict market behavior, business trends, and demographic patterns. Companies to have a competitive edge recruit statisticians to plan production depending on interpolation and extrapolation studies. Sampling study is another statistical method used in creating demographic data. Measures of dispersal are used by manufacturers, exporters, importers, and traders to determine the acceptance or rejection of a consignment.
Careers in statistics are specialized in nature and are offered by large conglomerates, multinational corporations, data survey agencies, and government statistical studies boards. After globalization statistics studies have become more important because a slight error could lead to a major repercussion. All production, marketing and procurement planning are required to be thorough for any organization to emerge a leader in the global environment.
Statistics is an extremely useful tool in the hands of statisticians and economists to predict market behavior, business trends, and demographic patterns. Companies to have a competitive edge recruit statisticians to plan production depending on interpolation and extrapolation studies. Sampling study is another statistical method used in creating demographic data. Measures of dispersal are used by manufacturers, exporters, importers, and traders to determine the acceptance or rejection of a consignment.
Careers in statistics are specialized in nature and are offered by large conglomerates, multinational corporations, data survey agencies, and government statistical studies boards. After globalization statistics studies have become more important because a slight error could lead to a major repercussion. All production, marketing and procurement planning are required to be thorough for any organization to emerge a leader in the global environment.