Glasgow, United Kingdom

Finance and Statistics

Bachelor's
Language: EnglishStudies in English
Subject area: economy and administration
Qualification: BSc
Kind of studies: full-time studies
Bachelor of Science (BSc)
University website: www.gla.ac.uk
Finance
Finance is a field that deals with the study of investments. It includes the dynamics of assets and liabilities over time under conditions of different degrees of uncertainties and risks. Finance can also be defined as the science of money management. Market participants aim to price assets based on their risk level, fundamental value, and their expected rate of return. Finance can be broken into three sub-categories: public finance, corporate finance and personal finance.
Statistics
Statistics is a branch of mathematics dealing with the collection, analysis, interpretation, presentation, and organization of data. In applying statistics to, for example, a scientific, industrial, or social problem, it is conventional to begin with a statistical population or a statistical model process to be studied. Populations can be diverse topics such as "all people living in a country" or "every atom composing a crystal". Statistics deals with all aspects of data including the planning of data collection in terms of the design of surveys and experiments. See glossary of probability and statistics.
Statistics
Statistical thinking will one day be as necessary for efficient citizenship as the ability to read or write.
Attributed to H. G. Wells by Darrell Huff in How to Lie with Statistics (1954), epigraph The great body of physical science, a great deal of the essential fact of financial science, and endless social and political problems are only accessible and only thinkable to those who have had a sound training in mathematical analysis, and the time may not be very remote when it will be understood that for complete initiation as an efficient citizen of one of the new great complex world-wide States that are now developing, it is as necessary to be able to compute, to think in averages and maxima and minima, as it is now to be able to read and write. [HG Wells 1911, Mankind in the Making 2041]
Statistics
Without the aid of statistics nothing like real medicine is possible.
Pierre Charles Alexandre Louis
Statistics
Statistics has been the most successful information science.
Those who ignore Statistics are condemned to reinvent it.
Attributed to Bradley Efron by Jerome H. Friedman (April 2001). "The Role of Statistics in the Data Revolution?". International Statistical Review 69: 5-10.
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