statistical technique

A **statistical technique** refers to a systematic method or procedure used to collect, analyze, interpret, and present data. These techniques include various mathematical formulas, models, and algorithms that help in understanding patterns, making predictions, and drawing meaningful conclusions from data. Common examples include regression analysis, hypothesis testing, clustering, and time series analysis. Statistical techniques are essential tools in fields like research, business analytics, social sciences, and healthcare for informed decision-making and data-driven insights.