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

Wynn, Henry ORCID: 0000-0002-6448-1080 and Ograjensek, Irena (2010) Is statistics becoming the number one discipline for business and industry? Quality and Reliability Engineering International, 26 (8). pp. 789-793. ISSN 0748-8017

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Identification Number: 10.1002/qre.1152

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.

Item Type: Article
Official URL: http://eu.wiley.com/WileyCDA/WileyTitle/productCd-...
Additional Information: © 2010 John Wiley & Sons, Ltd.
Divisions: LSE
Subjects: H Social Sciences > HA Statistics
H Social Sciences > HF Commerce
Date Deposited: 20 Mar 2011 14:54
Last Modified: 11 Dec 2024 23:45
URI: http://eprints.lse.ac.uk/id/eprint/33370

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