Question

Describe the characteristics of statistics in economic​

Answer 1

Answer:

A data to be called statistics should be numerically expressed so that counting or measurement of data can be made possible. It means that the data or the fact to constitute statistics must be capable of being expressed in some quantitative form as weights of 60, 70, 100 and 90 Kg. or profits of Rs.

Answer 2

Answer:

Characteristics of Statistics

It has an aggregate of facts. Data are collected in systematic order. It should be comparable to each other. Data are collected for a planned purpose.