ActuStats - Research Firm Pvt Ltd

I have great friends. In one of our many discussions and walks there is a thought we dwelt on and today I want and feel like sharing on it.It was after brain storming and talking about opportunities that are available in business that we can get into and maybe establish a great company that we found ourselves in the midst of a life changing thought. [ 517 more words ]

Begin the process of deserving I have great friends. In one of our many discussions and walks there is a thought we dwelt on and today I want and feel like sharing on it.It was after brain storming and talking about opportuniti…

"People love their stories about the past. These stories define who they are as a character and a person. Losing a story about the past is like losing your identity. You don’t want to let go of them because it feels like you’ll disappear and become a nobody."words from www.consulting.com founder. This has been a looming question for most of my life, "who am I and how far can I go?" My whole life was boardered by race, academic qualification, religion etc. [ 536 more words ]
https://kingedmond.wordpress.com/2020/04/22/chiseling-your-new-self-part-1/

Chiseling your new self Part 1 “People love their stories about the past. These stories define who they are as a character and a person. Losing a story about the past is like losing your identity. You don’t want to let go …

"Resist much, obey little" a quote from Walt Whitman. This is a remarkable quote to inspire innovation than it is a bad boy go out of control motto. The quote speaks of trusting oneself beyond the prescribed life society dictates. I had such an encounter in my teenage age where a stubborn mind backed with resisting paid off. At some point in my teenage I was hit with the chess fever that hit all level 3 secondary school students at my school. [ 807 more words ]

A lesson from my short-lived chess career “Resist much, obey little” a quote from Walt Whitman. This is a remarkable quote to inspire innovation than it is a bad boy go out of control motto. The quote speaks of trusting oneself…

Growing up I have come to terms with the idea that with more information comes more light and a new perception.The world is generally viewed in the eyes of the books and thoughts that have crossed our minds.Before you receive new information your world remains constant. Recently I have made up my mind on the kind and type of life I would want to live and how I will reach that desired lifestyle.My goals made it clear what habits I needed to change and the associations as well. [ 560 more words ]
https://kingedmond.wordpress.com/2019/12/12/weeding-your-life/

Weeding your life Growing up I have come to terms with the idea that with more information comes more light and a new perception.The world is generally viewed in the eyes of the books and thoughts that have crossed …

Growing up I have come to terms with the idea that with more information comes more light and a new perception. The world is generally viewed in the eyes of the books and thoughts that have crossed our minds. Before you receive new information your world remains constant. Recently I have made up my mind on the kind and type of life I would want to live and how I will reach that desired lifestyle. [ 576 more words ]

Weeding your life Growing up I have come to terms with the idea that with more information comes more light and a new perception. The world is generally viewed in the eyes of the books and thoughts that have crossed…

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Probing Question: Why are statistics important in modern life?
Melissa Beattie-Moss
November 16, 2011
Quick! Think of professions that will be the sexy jobs of the next decade. Statistician probably didn’t leap to mind—but odds are it soon will. Number nerds, take heed: statistical skills are in increasingly high demand and being applied to an incredibly diverse set of exciting problems, says Penn State Professor of Statistics Naomi Altman.

The explosion of digital data is behind the boom in careers based on statistics, including actuarial science, informatics, and machine learning, Altman notes. “These fields have all been very highly ranked for a number of years now,” she explains. “Data are a huge resource, but statisticians are needed to help people make sense of the information gathered.”

Today’s new breed of statisticians are sleuths who use modern analytics to find patterns in vast oceans of information. “Almost every arena of life generates data that can be mined for valuable patterns,” says Altman, “ranging from predicting storm paths and movie sales to determining the best target drugs for individual genetic profiles.” What’s more, she adds, “Specialized areas of statistics, such as quality assurance in manufacturing and scheduling for transportation networks, have also grown tremendously. I am pretty confident that the statistician’s skill-set is going to be increasingly valuable.”

Explains Altman, the needs of science and industry, especially during the two world wars, spurred the growth of new statistical methods. “But the field was very hampered by lack of computational power until the development of the computer industry in the 1950s. Since then, statisticians have taken advantage of every advance in computing technology, and every advance in computing technology has provided more data that need novel statistical methods.”

Naomi Altman
Naomi Altman
Beyond the field’s more obvious uses, there are lesser-known applications that people might be interested to consider, Altman suggests. “Statistics are at work when your credit card company detects an unusual purchasing pattern and does a fraud detection check. Fingerprint and iris identification programs use statistical algorithms. Airlines and hotels use statistical algorithms to determine whether it is cost-effective to overbook and to adjust routes and locations.”

Statisticians even affect the food we eat, she adds. “Acceptable levels of contaminants in food and water are determined statistically, as are the appropriate amounts of spices and other ingredients in prepared foods.” In short, notes Altman, “there are few areas of our lives in which statistics are not being used.”

Are there times when knowing the stats is counterproductive? “If we were completely rational beings, then having more information would always be helpful,” Altman says. “However, there is plenty of evidence to show that we do not always behave rationally, so undoubtedly there are situations in which we might be better off without the statistics.

For example, if someone is ill with a disease with a 95 percent mortality rate over a six-month period, they should rationally make use of the time in the best way possible for themselves and their families. But many people would find that news so devastating that their quality of life would be badly impacted.”

Is Altman ready to call statistics sexy? “I’m not sure about that,” she says with a smile. “But we are finding a large demand for courses in statistics, including our online classes, which allow people in the workforce to retain their jobs while earning graduate degrees in statistics.”

For herself, she says, “Statistics has allowed me to participate in very diverse set of projects: the whale census, assessing various agricultural practices, quantifying bird migration patterns, determining if there were cancer clusters associated with hazardous waste sites, measuring wind dispersion of hazardous materials and most recently a variety of projects using genomics for understanding plant evolution, plant growth and environmental impacts on oceans. I cannot imagine too many other fields that give one access to so many interesting societal and scientific problems.”

Naomi Altman, Ph.D., professor of statistics, can be reached at [email protected].

What is the importance of statistics?

Businesses use statistics to find customer preferences, check the quality of products, market products, estimate costs and make decisions. Statistics help make mathematical theories more accurate. Economists use statistics to find the relationship between supply and demand, the relationship between imports and exports, the inflation rate, the per capita income, and the national income rate. Accountants use statistics to see how well a company is doing, discover trends and create projections for the next year. Bankers use statistics to estimate the number of people depositing money versus the number requesting loans. The government uses statistics federally and locally to make budgets, set the minimum wage and discover the cost of living. Astronomers use statistics to estimate the distance between objects in space and the timing of interstellar events. People working in the natural and social sciences use statistics to form theories on what they're studying, whether it's estimating large populations, predicting the weather or studying the human brain.

What is the importance of research?

Research is the systematic investigation and study of materials and sources to establish facts and reach new conclusions, so it shapes people’s understanding of the world around them. Through research findings, psychologists are able to explain individuals’ behaviors, including how people think and act in certain ways. This helps to determine disorders and their impact on the person and society, thus developing appropriate treatments to improve the individual’s quality of life.
In business, market research helps companies to make projections and formulate appropriate strategies to ensure survival. Businesses conduct surveys to understand the needs of the community and consumption habits.
Research has led to the introduction of new medical treatments and cures that have helped counter several diseases, thus increasing human life expectancy. It is now possible to live 10 years longer than in the 1960s and 20 years longer than in the 1930s. Causes of early deaths and crippling vitamin deficiencies have also been identified by progress made in the medical field through research...in short!

Research is...