Monday, 23 May 2016

Characteristics and Functions of Statistics

Characteristics:
  • Statistics are aggregates of facts
  • Statistics are numerically expressed
  • Statistics are affected to a marked extent by multiplicity of causes
  • Reasonable standards of accuracy in enumeration, estimation or collection
  • Statistics are collected in a systematic manner
  • Statistics are collected for predetermined purpose
Functions
  •  Presentation of facts
  •  Simplification of complexities
  • Facilitating comparisons
  • Facilitating the formulation of policies
  • Widening of human knowledge
  • Useful in testing the laws of other sciences
  • Facilitates the forecasting
  • Establishment of correlation between two facts

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