Statistics is essentially the study of data. There is always a constant flow of new data in the professional world stock patterns, customer trends, sports figures and more which businesses use to plan their strategies. Students will learn the skills, principles and methods necessary to collect and present qualitative data and to make inferences based on that data, either for their own benefit, or for the benefit of a company in online courses in statistics. These courses specifically will cover regression analysis, survey sampling, statistical methods, probability and random distribution and data relationships. Most science and math majors in general require at least one introductory course in statistics. Economics and sociology majors will rely heavily on statistical principles and will have to continue with more advanced statistics classes, where they will gain further insight into survey compilation and analysis, introduce more and more uncertainly into the data they interpret and formulate more targeted estimations and hypothesis based on those data. Online courses in statistics are often required for most of the mathematicians and other majors, so all they enroll in the courses in order to gain skills and knowledge.

Online courses in statistics

Many colleges online and some traditional schools offer online courses in statistics for college credit for students who want to get a head start on their college classes or prefer to pursue their studies at home on their own schedule. Recently the American Statistical Association developed a statistics accreditation program and is slowly implementing that standard across academic institutions across the nation, so it will be imperative in the coming years for students to find out whether their prospective program is accredited before enrolling. Largely because statistical expertise is an extremely valuable skill to have in almost any field, there are a wide variety of applications of statistics and many majors require at least one statistics class. The ability to draw statistical conclusions will be especially useful of owners of a business and economists, but statisticians will be important anywhere quantitative data are found. Accountants, financial managers and bookkeepers for example may benefit from having a background in statistics because they often deal with spending and investment. The study of statistics can lead to positions in whether forecasting, business trend prediction, research analysis for the stock market, econometrics for research and development firms and financial analysis for financial service firms outside of business. Taking online courses in statistics can help you improve your understanding of research, data compilation and probability all in all, so you can still use your statistics knowledge in your day-to-day activities in case you do not use it in your career path. Courses online in statistics can be useful for many students because give the opportunity for a wide range of job options.