Economy, asked by chinni5166, 6 months ago

EXPLAIN THE USE OF STATISTICS AND MATHEMATICS IN ECONOMICS.

Answers

Answered by sandeepvar82com

3

Answer:

Mathematical economics relies onstatisticalobservations to prove, disprove, and predicteconomic behavior. Although the discipline ofeconomics is heavily influenced by the bias of the researcher,mathematics allowseconomists to explainobservable phenomenon and provides the backbone for theoretical interpretation.

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