Question

briefly explain low statistics helps to study economic​

Answer 1

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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.

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Answer 2

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 helps in studying the relationship between different economic factors. Eg: price and demand , income and expenditure etc

Explanation:

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