Statistics is a branch of math that involves the collection, description, analysis, and inference of conclusions from quantitative data. But what is a statistic? Let’s find out. The word statistic is ...

ECONOMISTS develop economic models to explain consistently recurring relationships. Their models link one or more economic variables to other economic variables (see “What Are Economic Models,” F&D, ...

The analysis of correlated binary data is pivotal in many fields, particularly in clinical research where paired organ measurements (for example, eyes or ears) inherently exhibit dependency.