Question

describe the importance of statistics in economics​

Answer 1

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.

Answer 2

Explanation:

in in economics research statistical methods are used to collect and analyse the data in the test if notices their relationship between supply and demand is studied files that is take square 3rd imports and exports inflation rates and per capita income are problem which require a good knowledge of statistics