What is World Statistics Day?

Every five years on October 20th, World Statistics Day is held every five years. The day honors the accomplishments of the Fundamental Principles of Official Statistics' Fundamental Principles.

Statistics involves the gathering, analyzing, and interpreting large amounts of numerical data. Statistics are extremely important. Scientists can make new discoveries in this field. It helps manufacturers produce safer products. When using statistics, pharmacists produce more effective drugs. Meteorologists rely on statistics to be accurate when forecasting the weather. Thanks to statistics, even investors make better financial decisions.

Statistical study and data aids virtually every industry in the world. Individuals also use statistics for a variety of reasons. Statistics help to establish truth and make critical decisions. Statistics also play a vital role in determining trends and finding patterns.

Statistics are deserving of a celebration for all these reasons.