Economy, asked by Najmatabassumjnv22, 6 months ago

21. Discuss the importance of Statistics in economics.​

Answers

Answered by Anonymous
20

Answer:

In economics research, statisticalmethods are used to collect and analyze the data and test hypotheses. The relationship between supply and demand is studied by statisticalmethods; imports and exports, inflation rates, and per capita income are problems which require a good knowledge of statistics.

Answered by architasahu
3

Answer:

In economics research, statisticalmethods are used to collect and analyze the data and test hypotheses. The relationship between supply and demand is studied by statisticalmethods; imports and exports, inflation rates, and per capita income are problems which require a good knowledge of statistics.

hope it helps you

mark as brainliest answer

thank you

Similar questions