Sunday 4 June 2017

Limitation of statistics

                                                         Economic of statistics

          Limitation of statistics
The scope of statistics is very wide and it has great utility. But statistics has limitations, some of which are discussed below:
1.  Statistics can analysis an aggregated observation or data: any statistics is a collection of data. Individual observation does not belong to statistics. Hence statistics analysis a collection of data and enlighten the overall estimated result.
2.  Statistics describes by numerical information: Statistics is an exposure of the numerical data. If it is not possible to express in a figure. Statistics fail to make a comparative study between rich and poor, sound and ill etc. abstact topics.
3.  Statistics given only an overall measures: Statistics give us only an average or overall estimation. It is almost impossible.


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