English, asked by sharmasahil9913638, 6 months ago

importance of statistical information in the study of economic for 4marks

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Answered by somyashreeroul20

Explanation:

Statistics is an essential tool for an economist to understand the problems of an economy through quantitative data. ... Forecasting: Statistical data are useful to forecast the changes in the factors which influence other factors.

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importance of statistical information in the study of economic for 4marks​

Answers

importance of statistical information in the study of economic for 4marks