What do you understand by loss of information in statistics

1.	What do you understand by loss of information in statistics
Answer» ER: This term is used in two entirely different senses: (a) to denote the actual LOSS of information in the ordinary sense, e.g. by the destruction of records; (b) to denote failure to EXTRACT all the information which exists in the available DATA about a particular matter. Explanation: ✨plz FOLLOW me and thank my answers❤❤❤

Answer» ER:

This term is used in two entirely different senses: (a) to denote the actual LOSS of information in the ordinary sense, e.g. by the destruction of records; (b) to denote failure to EXTRACT all the information which exists in the available DATA about a particular matter.

Explanation:

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What do you understand by loss of information in statistics​

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What do you understand by loss of information in statistics