The vision of the institute is to take a leading position globally for providing quality education in Applied Statistics, for conducting leading-edge research and for creating innovative industrial partnerships.
The mission of the institute is to produce competent graduates in Applied Statistics equipped with the skills necessary for success in a technological society and competitive global environment who will fulfil the statistical demands of the nation and the world at large.
(i) Strengthen and update various teaching and training programs at undergraduate, post-graduate and doctoral levels so as to produce graduates with strong theoretical and practical knowledge of statistics in line with the labour market requirements
(ii) Create an environment conducive to high quality research
(iii) Contribute to the advancement of science and technology through interdisciplinary research, jointly with scientists, scholars at the University of Dhaka and other research institutions at home and abroad.
(iv) Contribute to the statistics profession and to the larger scientific community by running quality statistical journals and serving on editorial boards, review panels, and administrative and advisory committees
(v) Employ high quality faculty members with diverse research interests
(vi) Promote exchange of knowledge and ideas by arranging invited talks on a regular basis in addition to workshops and international conferences
(vii) Disseminate statistical knowledge by offering training programs to students of other departments and professionals of various government and private organizations.
(viii) Serve the statistical needs of the University and national bodies by providing consulting services in research, government, business and industry.
(ix) Produce graduates having strong moral and ethical values, respect for local norms and culture and exceptional leadership qualities.