Data in the hands of an …
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Posted by Narendra Bhardwaj 5 years, 4 months ago
- 2 answers
Yogita Ingle 5 years, 4 months ago
The results and outcomes of the statistical methods can only be interpreted in their true and correct sense only by its experts. An unqualified person will not be informed with all the technicalities involved in the real life application of that method and will not be able to consider all the aspects of the situation before giving his conclusive remarks. This may lead the organisation to wrong decisions regarding its operations, which is turn, may ultimately result in huge losses for the organisation. Therefore, it is always advised that statistical tools must only be used by the competent and qualified people who the the applicability and technicalities of the statistical methods to give correct conclusions.
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Gaurav Seth 5 years, 4 months ago
The results and outcomes of the statistical methods can only be interpreted in their true and correct sense only by its experts. An unqualified person will not be informed with all the technicalities involved in the real life application of that method and will not be able to consider all the aspects of the situation before giving his conclusive remarks. This may lead the organisation to wrong decisions regarding its operations, which is turn, may ultimately result in huge losses for the organisation. Therefore, it is always advised that statistical tools must only be used by the competent and qualified people who the the applicability and technicalities of the statistical methods to give correct conclusions.
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