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Statistics is a subject related to mathematics. It deals with collection, analysis, interpretation, explanation and presentation of data. The main important function of statistics is the forecasting of data based on the past data available. It is used in by various groups like the government, business, academics etc. the main topics studied under statistics are the measures of central tendency, measures of dispersion, probability, index numbers, time series, correlation and regression. When statistics is used to draw inferences about the population it is called the inferential statistics and when statistics is used as a theoretical subject of mathematics it is called the mathematical statistics.
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