Statistics means collection, analysis, interpretation and organization of data. It is a part of mathematical science used for summarizing the data into a numerical form. Data prediction and forecast from the collected data is done with the help of statistical models. Its use in other disciplines has extended its usage in other areas also. A large no of data can be complied with the analytical tools and techniques to get the desired results. It can provide nearly accurate results if the analysis is done accurately and with correct figures.