Statistics, by definition, are the collection, organization, analysis, interpretation, and presentation of data.
-Source Wikipedia
The mathematical study of the theoretical nature of such distributions and tests.
-Source Dictionary
In Teradata, the STATISTICS command will gather and store demographic data for one or more columns or indices of a table or join index.
Statistics help in analyzing things based on aggregation of data. They turn data into useful information so that actions can be taken or predictions can be made.
The same goes for Teradata. The Teradata optimizer uses statistics to develop plans for query executions:
The optimizer generates several plans before choosing the most optimized one, based on cost. The estimations ...
