Question

what are the importance of statistics in the analysis of economics? ​

Answer 1

Statistics for economics concerns itself with the collection, processing, andanalysis of specific economic data. It helps us understand and analyzeeconomic theories and denote correlations between variables such as demand, supply, price, output etc

Answer 2

Answer:

Statistics for economics concerns itself with the collection, processing, and analysis of specific economic data. It helps us understand and analyze economic theories and denote correlations between variables such as demand, supply, price, output etc.

Explanation:

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