Question

How does statistics helps in predicting the change in economic factors explain with an example

Answer 1

Explanation:

assessing relationship between different economic variables such as population and poverty, price and demand. ... For instance, predicting how inflation would be affected if money supply is increased in the economy. decision making at micro level i.e firms, households etc with regard to production, consumption etc.

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Answer 2

Answer:

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Explanation:

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