The scope of statistics is much extensive. It can be divided into two parts –
(i) Statistical Methods such as Collection, Classification, Tabulation, Presentation, Analysis, Interpretation and Forecasting.
(ii) Applied Statistics – It is further divided into three parts:
a) Descriptive Applied Statistics : Purpose of this analysis is to provide descriptive information.
b) Scientific Applied Statistics : Data are collected with the purpose of some scientific research and with the help of these data some particular theory or principle is propounded.
c) Business Applied Statistics : Under this branch statistical methods are used for the study, analysis and solution of various problems in the field of business.