Economy, asked by supritveeresh, 3 months ago

Briefly explain how statistics helps to study economics.

Answers

Answered by sanskritisharma10c

Answer:

Statistics helps an economist to present economic facts or data in a precise and definite form. Statistics helps to condense or reduce the bulk of data. Eg: finding the average income of the population. Statistics facilitates forecasting and predicting of future.

Hope it helps you .

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