Statistics and Empirical Research

Thomas Cleff ()
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Thomas Cleff: Pforzheim University of Applied Sciences

Chapter Chapter 1 in Applied Statistics and Multivariate Data Analysis for Business and Economics, 2025, pp 1-15 from Springer

Abstract: Abstract This text explores the dual nature of statistics as both a powerful tool for generating knowledge and a potential source of misleading or false conclusions. It addresses the common skepticism surrounding statistical methods by discussing their essential role in various fields, including economics, business, and empirical research. The text highlights the importance of understanding the proper use of statistics, differentiating between valid statistical analysis and pseudo-statistics, and recognizing the limitations and potential manipulations that can occur. Through historical context, the development of statistical methods is traced, and the text outlines the fundamental phases of empirical research, emphasizing the critical role of both descriptive and inductive statistics in knowledge generation and decision-making.

Keywords: Statistics (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-031-78070-7_1

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DOI: 10.1007/978-3-031-78070-7_1

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