Think Right, Decide Right, Act Right: The Role of Statistical Methods
Keywords:
Statistical methods, Decision-making, Artificial intelligence, Machine learningAbstract
All kinds of statistical methods are developed for decision-making based on strong evidence. How can strong evidence be created? Only statistical methods with high levels of evidence create strong evidence. Statistical methods play an important role in data analysis used in decision-making processes.
AI (Artificial Intelligence) and Machine Learning are statistical methods. Today, highly intelligent, very talented, capable of doing everything they are told, and capable of making decisions, AI methods are developed by the field of Statistics.
After AI was put into practice, it became apparent what the field of statistics truly entails. For this reason, Karl Pearson stated, “Statistics is the grammar of science”, and Florence Nightingale remarked, “To understand God’s thoughts, we must study statistics, for they are the measure of her purpose”.
These quotes explain the title very well. Therefore, as you learn the numerous methods available in the field of statistics, the mind significantly improves in decision-making.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 By the Authors.

This work is licensed under a Creative Commons Attribution 4.0 International License.