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Is statistics becoming the number one discipline for business and industry?

By Henry Wynn and Irena Ograjensek

Abstract

The potential of statistics to emerge as the leading discipline in business and industry has been examined by researchers. This scientific method refers to a body of techniques for investigating natural and social phenomena. Statistics is emerging as the leading discipline, as statisticians have made significant advancements in data-mining-oriented methods, such as regression trees and the ubiquitous PCA and PLS. The separation of the wide field of statistics into sub-areas has the usual limitations of a taxonomy. It is essential to look for themes that can serve as a second axis of classification and help to determine the future. A very important theme within the role of statistics in product life-cycle is the distinction between online and off-line activities

Topics: HA Statistics, HF Commerce
Publisher: John Wiley & Sons, Ltd.
Year: 2010
DOI identifier: 10.1002/qre.1152
OAI identifier: oai:eprints.lse.ac.uk:33370
Provided by: LSE Research Online
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