Economy, asked by chyavart10, 4 months ago

explain tye need of statistics in the field of business and economics? max 60 words

Answers

Answered by Anonymous

6

ʀᴇsᴇᴀʀᴄʜ, sᴛᴀᴛɪsᴛɪᴄᴀʟ ᴍᴇᴛʜᴏᴅs ᴀʀᴇ ᴜsᴇᴅ ᴛᴏ ᴄᴏʟʟᴇᴄᴛ ᴀɴᴅ ᴀɴᴀʟʏᴢᴇ ᴛʜᴇ ᴅᴀᴛᴀ ᴀɴᴅ ᴛᴇsᴛ ʜʏᴘᴏᴛʜᴇsᴇs. ᴛʜᴇ ʀᴇʟᴀᴛɪᴏɴsʜɪᴘ ʙᴇᴛᴡᴇᴇɴ sᴜᴘᴘʟʏ ᴀɴᴅ ᴅᴇᴍᴀɴᴅ ɪs sᴛᴜᴅɪᴇᴅ ʙʏ sᴛᴀᴛɪsᴛɪᴄᴀʟ ᴍᴇᴛʜᴏᴅs; ɪᴍᴘᴏʀᴛs ᴀɴᴅ ᴇxᴘᴏʀᴛs, ɪɴғʟᴀᴛɪᴏɴ ʀᴀᴛᴇs, ᴀɴᴅ ᴘᴇʀ ᴄᴀᴘɪᴛᴀ ɪɴᴄᴏᴍᴇ ᴀʀᴇ ᴘʀᴏʙʟᴇᴍs ᴡʜɪᴄʜ ʀᴇϙᴜɪʀᴇ ᴀ ɢᴏᴏᴅ ᴋɴᴏᴡʟᴇᴅɢᴇ ᴏғ sᴛᴀᴛɪsᴛɪᴄs.

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