An Invitation to Algebraic Statistics: New Outlook and Opportunities

Year 2012, Volume: 41 Issue: 2, 278 - 283, 20.11.2012

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Abstract

Algebra, a branch of pure mathematics, now advances statistics and operations research of applied mathematics. This synergy is called algebraic statistics as a new discipline. Algebraic statistics offers statisticians, management scientists, business researchers, econometricians and algebraists new opportunities, horizons and connections to advance their fields and related application areas. In this effort, this young, vibrant, quickly growing, and active discipline is briefly discussed and some major application areas are given and also an illustrative example is presented.

Keywords

Statistics, Algebra, Operations research, optimization, business applications