Data Science and Statistics for Decision Making
Data Science and Statistics for Decision Making Data science helps decision makers turn raw numbers into useful advice. Statistics adds rigor by checking whether observed patterns reflect real effects or random variation. Together, they guide choices in marketing, operations, and policy with evidence you can trust. The aim is to make decisions that are timely, affordable, and robust. How data science supports decision making Data collection, cleaning, and exploration reveal what is happening. Simple models estimate outcomes and compare options. We also learn from experiments or past results to forecast what might happen next. Importantly, we describe uncertainty so leaders see not just a single number, but the range of possible outcomes. ...