Computational statistics, also known as statistical computing, is a field that merges statistics with computer science. It encompasses the development and application of computational algorithms and methods to solve statistical problems, often those that are too complex for analytical solutions or require handling large datasets.

• Healthcare
• Finance
• Marketing
• Environmental science
• Social sciences

Example: Using machine learning algorithms to analyze medical imaging data to identify patterns and make predictions about patient outcomes.

• Effective Problem Formulation