Economy, asked by vivekgusai32, 3 months ago

explain importance in statistics in economics

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Answered by nsaiidvaith

3

Answer:

Statistics for economics concerns itself with the collection, processing, and analysis of specific economic data. It helps us understand and analyze economic theories and denote correlations between variables such as demand, supply, price, output etc.

Answered by jadhavdivya785

2

Answer:

Statistics for Economics

Statistics for economics concerns itself with the collection, processing, and analysis of specific economic data. It helps us understand and analyze economic theories and denote correlations between variables such as demand, supply, price, output etc. Let us understand this in some detail.

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