Statistics is the scientific study of data and can be applied to a variety of areas Rarbgweb. Jobs in statistics can be flexible, lucrative and exciting. For instance, you could work with big data to forecast demand for new products or determine the effectiveness of public health programs. You can also work on a variety of projects, from calculating car insurance premiums to forecasting baseball player’s performance Muctau.
Many teams in sports are starting to create their own statistics departments. They’re also seeking out analysts from major investment firms. Using data science, they can spot minor in-game trends in a team’s play-calling and leverage them aggressively during game situations. One such example is Germany’s World Cup win in 2014. This victory came thanks to the work of a statistics expert at the German soccer team Newshunttimes.
Previously, statistics jobs were restricted to universities and government agencies. Now, big data and applied statistics are being used by successful businesses everywhere. These include college and professional sports teams, finance and health care companies, marketing firms, and engineering firms. Even mom-and-pop corner stores are leveraging data analysis to make better decisions uplikes.org.
Many statistics majors go on to pursue a career as statisticians, which is a highly sought-after career. Statistics professionals have high salaries and rapid job growth. However, prospective majors should look into other opportunities as well roobytalk.com. As previously mentioned, most statistics jobs involve analytical and research-related work.