What is the practice of producing information based on quantitative empirical data called?

The practice of producing information based on quantitative empirical data is referred to as statistics. Statistics involves the collection, analysis, interpretation, presentation, and organization of data. The use of statistical methods allows researchers and analysts to derive meaningful insights from numerical data, enabling them to make informed decisions or predictions based on empirical evidence.

In this context, statistics encompasses various techniques for summarizing data, identifying trends, and testing hypotheses, which are crucial for understanding patterns within that data. This is particularly important in fields like data science, economics, psychology, and many other disciplines that rely on quantitative research.

While data analysis also plays a significant role in working with information derived from empirical data, it is a broader term that encompasses various methods and processes, including qualitative approaches, not just those strictly related to statistical methods. Therefore, while both statistics and data analysis are related to empirical data, statistics specifically refers to the quantitative aspect which aims to produce numerical insights.