Limitations of Statistics
The important limitations of statistics are:
(1) Statistics laws are true on average. Statistics are aggregates of facts, so a single observation is not a statistic. Statistics deal with groups and aggregates only.
(2) Statistical methods are best applicable to quantitative data.
(3) Statistics cannot be applied to heterogeneous data.
(4) If sufficient care is not exercised in collecting, analyzing and interpreting the data, statistical results might be misleading.
(5) Only a person who has an expert knowledge of statistics can handle statistical data efficiently.
(6) Some errors are possible in statistical decisions. In particular, inferential statistics involves certain errors. We do not know whether an error has been committed or not.
James Bedu Kodjo Eric Graham
August 19 @ 4:17 pm
Stats have a strong bias depending on the culture and aspiration of a people.
I say enjoy the journey that you seek to explore and Use statistics to improve the outcome of your Business.
And yeah only Top Statistics expert can appreciate the capacity of work.
However let us not forget the human factor and the right of human beings to be.We are not just Numbrers we are a people with feelings soul and identity.
Complex and prime Numbers stuck and are detrimental in Ghana Africa and the rest of the world.