CrackitToday App

International Prize In Statistics, 2023

International Prize In Statistics, 2023:

Indian-American mathematician Calyampudi Radhakrishna Rao awarded International Prize in Statistics, 2023.

  • The International Prize in Statistics is awarded every two years by a collaboration among five leading international statistics organisations.
  • The prize recognises a major achievement by an individual or team in the statistics field.
  • The prize is modelled after the Nobel prizes, Abel Prize, Fields Medal and Turing Award and called as Math’s Nobel.
  • C. R. Rao ,a prominent Indian-American mathematician and statistician was born to a Telugu family in Hadagali, Karnataka.
  • He is currently a professor emeritus at Pennsylvania State University and Research Professor at the University at Buffalo.
  • Rao has received many honours, like-Padma Bhushan (1968) and Padma Vibhushan (2001).
  • In his remarkable 1945 paper published in the Bulletin of the Calcutta Mathematical Society, Rao demonstrated three fundamental results that paved the way for the modern field of statistics and provided statistical tools heavily used in science today.
  • The first, known as the Cramer-Rao lower bound, 2nd known as the Rao-Blackwell and the third result provided insights that pioneered a new interdisciplinary field that has flourished as “information geometry.”