explain role of statistics in economics
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Statistics is a data interpretation tool used for collecting, classifying and analyzing data. ... Broadly speaking, statistics helps in : analysing various economic problems such as inflation, unemployment etc by looking at numbers, trends over the years.
Answered by
2
Answer:
Statistics is a data interpretation tool used for collecting, classifying and analyzing data. ... Broadly speaking, statistics helps in : analysing various economic problems such as inflation, unemployment etc by looking at numbers, trends over the years.
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