what is the importance of statistics in economics ? explain any 4 points
Answers
Answered by
31
Answer:
In economics research, statisticalmethods are used to collect and analyze the data and test hypotheses. The relationship between supply and demand is studied by statisticalmethods; imports and exports, inflation rates, and per capita income are problems which require a good knowledge of statistics
Explanation:
ark as brainliest
Answered by
6
Explanation:
In economics research,statisticalmethod s are used tobconect and analyze the data and test hypotheses . The relationship between supply and demand in studied by statisticalmethods ; importants and exports , inflation rates and per capitacineome are problems which reauire a good knowledge of statistical.
Similar questions