Economy, asked by lavyapatel2710, 5 months ago

explain the significance of statistics in formulation of policies ​

Answers

Answered by Anonymous
2

Explanation:

Statistics enable the government to use a scientific approach to investigate all available evidences in formulating policies that are more effective to achieve the desired outcome. Statistics provide evidence needed to improve decision making, document results and also enhance public accountability," he said.

Answered by ItzDinu
13

Answer:

Government statistics include useful information which is useful in analyzing the situation in a particular sector and help in formulating policies for its reforms. For example, the data collected for issuing census is utilized in getting information regarding key indicators for socio-economic development.

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