Statistical System

A statistical system is a structured way of collecting, analyzing, and interpreting data to understand patterns, relationships, and trends within a specific area. It involves methods and tools to gather information reliably, process it systematically, and produce meaningful insights that support decision-making. Think of it as an organized approach to make sense of numerical information, helping individuals and organizations make informed choices based on evidence rather than guesses. It’s used in various fields like economics, healthcare, marketing, and government to inform strategies and improve outcomes.