Efficacy of Advanced Statistical Methods in Assessing Society's Progress

Efficacy of advanced statistical methods, used
to ascertain the progress of the society.

Executive Summary
Statistics is a branch of mathematics that is associated with gathering, classification,
carrying out analysis and interpreting numerical facts through which inferences can be drawn
with respect to quantifiable probability. It is liable for interpretation of data which tends to eb
have within predictable manner. This assists within development of plans and tracking down the
impact created on society. Through this, development can be attained in society in an affirmative
ways as anticipations can be formulated with respect to that according to which strategies can eb
developed.

Table of Contents
Executive Summary.........................................................................................................................2
Introduction......................................................................................................................................1
1. Role of statistics within formulation of plans, monitoring of progress and assessment of
development activities.................................................................................................................1
2. Impact of inflation rate, labour force, health outcomes, income per capita, GDP and poverty
headcount on society's development activities............................................................................3
3. Role of statistics within global monitoring.............................................................................4
Conclusion.......................................................................................................................................6
References........................................................................................................................................7