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Is statistics becoming the number one discipline for business and industry?
Author(s) -
Wynn Henry,
Ograjenšek Irena
Publication year - 2010
Publication title -
quality and reliability engineering international
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.913
H-Index - 62
eISSN - 1099-1638
pISSN - 0748-8017
DOI - 10.1002/qre.1152
Subject(s) - wynn , citation , politics , library science , sociology , operations research , mathematics , computer science , political science , law , philosophy , linguistics
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