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Importance Of Statistical Analysis Essay

1077 Words5 Pages

Introduction
Statistical analysis refers to the study of collecting, analyzing, interpreting, presenting, and organizing data (Dodge, 2006) in order to discover underlying trends and patterns. Therefore, statistics applies in almost every field, including research, government, and industry, and assists in becoming more practical in making relevant decisions. This demonstrates that statistics help an organization make sound decisions. This is also seen in the argument by Davies (2004), who explained that it assists people in making well-informed decisions about projects, programs, and policies by providing then the most valuable evidence from exploration and research at the heart of policy formulation and implementation (p.3). An array of research supports the idea that statistical analysis is linked to and facilitated by policy formulation (Thomas, n.d.). The purpose of this essay is to assess the importance of statistical analysis in policy formulation.
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Prof. Peter Anyang’ Nyong’o, the Kenyan Minister for Planning and National Development, who argued that statistical data is an indispensable element for planning development (Paris21.org, n.d., p. 3). He further demonstrated that planning for a country’s future development and welfare is unrealistic without such statistical data and may be rigorously hurt by its exclusion in the process. This supports the idea that statistics act as an imperative source of evidence and provides objective, clear, numerical data on different aspects of society. Moreover, the changing needs of society lead to various issues and a complex environment that requires evidence-based policy making. The prevailing complex issues in society that require quick resolution need evidence-based policy decisions instead of opinions, and the international community have accepted this (Segone & Pron,

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