One of the first-established academic departments at Temple University’s Fox School of Business is getting a new name, and is set to introduce a new undergraduate degree program.
The Fox School’s Department of Statistics will soon be rebranded as the Department of Statistical Science. Additionally, the department will unveil a Bachelor of Science degree program in Statistical Science and Data Analytics. Both changes are effective for the 2016-17 academic year, following the approval in March by Temple’s Board of Trustees.
The department had been known as the Department of Statistics since its establishment in 1929, 11 years after the founding of the Fox School.
“Rebranding our department as the Department of Statistical Science reflects the breadth of our department’s academic research, the discipline’s changing landscape, and our department’s renewed focus on engaging in quality research that reshapes the field of statistics and to train new generations of statistically skilled graduates,” said Dr. Sanat K. Sarkar, Chair of the Department of Statistical Science.
The new department name, Sarkar added, is reflective of the discipline’s evolution into one that “develops newer subfields and its interdisciplinary research with scientists in modern scientific investigations involving complex data.”
In Fall 2016, the department will launch its Bachelor of Science undergraduate degree program in Statistical Science and Data Analytics. The demand for the program, said program director Dr. Alexandra Carides, has been driven by the proliferation of computing technology, software, and statistical tools for capturing and interpreting the substantial volume of data now available at the enterprise, government, and personal levels.
The program will qualify students for professions in some of the fastest-growing job sectors, according to Carides.
“The program will provide undergraduate students with the ability to select, utilize, and apply quantitative reasoning and data analytic skills to their future field of study,” said Carides, an Assistant Professor of Statistical Science. “Knowledge of statistical theory and methods has become increasingly important to students in many disciplines. As more data are collected, stored, and analyzed, students are finding it increasingly beneficial to gain expertise in statistical science to strengthen their skills and enhance their career opportunities.”
Statistics has been evolving into a much wider field with High Dimensional Statistics being currently considered as one of its most important components. This particular branch of statistics has grown out of modern research activities in diverse fields of science, technology, and business aided by powerful computing. It encompasses several emerging fields in statistics like high dimensional inference, dimension reduction, data mining, machine learning, and bioinformatics. Of course, many of these and other emerging statistical fields are modernized versions of traditional statistical fields such as multivariate analysis, design of experiments, survey sampling, Bayesian analysis, time series analysis, biostatistics, and statistical computing and graphics. The importance of High Dimensional Statistics can be seen from the fact that a large proportion of research projects presently funded by federal agencies and published in top-tier statistics journals is devoted to this area of statistical research. High dimensional statistical techniques are now being integrated into courses in other disciplines to create interdisciplinary programs.