Calyampudi Radhakrishna Rao honored with ‘International Prize in Statistics’ 2023
Recently Indian-American statistician Kalyampudi Radhakrishna Rao has been awarded the ‘International Prize in Statistics’ 2023.
This award is considered as the Nobel Prize of Statistics. It was established in 2016 and is awarded once every two years to an individual or team for major achievements using statistics to advance science, technology and human welfare.
Kalyampudi Radhakrishna Rao
- Professor Rao, who is now 102, has made significant contributions not only to statistics but also to economics, genetics, anthropology, geology, national planning, demography, biometry.
- In his remarkable 1945 research paper published in the Bulletin of the Calcutta Mathematical Society, C.R. Rao demonstrated three fundamental results that paved the way for the modern field of statistics and provided statistical tools that are used extensively in science today.
- The first of these is; Cramér Rao lower bound which provides a means of knowing whether a method of estimating a quantity is as good as any method can be.
- The second result, named the Rao–Blackwell Theorem, provides a means to transform an approximation into a better-estimate. Together, these results form a foundation on which many statistics are built.
- The third result provides insights from which “information geometry” has developed. Combined, these results help scientists extract information from data more efficiently.
Source – Hindustan Times
