Data Science and Statistics for Decision Making
Data Science and Statistics for Decision Making Decision making in business and policy relies on evidence. Data science helps collect and explore data, while statistics adds structure to what we conclude. Together, they guide choices under uncertainty and time pressure. What statistics adds to decisions: Clear evidence: estimates with numbers, not guesses. Quantified uncertainty: knowing how sure we are about results. Comparability: using standard methods to compare options. Risk awareness: understanding worst and best cases. A practical workflow: ...