Multivariate analysis is based in observation and analysis of more than one statistical outcome variable at a time. In design and analysis, the technique is used to perform trade studies across multiple dimensions while taking into account the effects of all variables on the responses of interest.

Applied Stochastic Processes is a collection of papers that cover stochastic processes, stochastic equations, and their applications in many fields of science. Stochastic processes are a mathematical model of systems and phenomena that appear to vary in a random manner.

Bayesian decision theory provides a unified and intuitively appealing approach to drawing inferences from observations and making rational, informed decisions. Bayesians view statistical inference as a problem in belief dynamics, of using evidence about a phenomenon to revise and update knowledge about it.

Official statistics are the data collected by government departments in the course of their work (i.e. routine statistics) or collected specifically for statistical purposes. 'Unofficial' statistics are from independent organisations.


Data Analysis is the technique of collecting, transforming, and organizing data to make future predictions and informed data-driven decisions. It also helps to find possible solutions for a business problem.