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It is said that, sometimes Statistics gives misleading results, Why and how ? Give logical reasons..

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Question added by Nadeem Akhtar , Incharge/Administrator , Al Merdass Trading Est
Date Posted: 2014/04/26
sagar uparkar
by sagar uparkar , Manager , Icici Bank

 

Yes, it is true. Selection of sampling plays an important role if there is bias while selection of sampling then you may counter to such condition. Also, incomplete data, inaccurate values, extreme values. For example in time series or regression analysis, extreme value cause deviation of existing pattern which will help to forecast future.

 

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