Economy, asked by tawkeerbaba6, 5 months ago

what is the importance of statistics in economics ? give any three

Answers

Answered by kumarharsh007

0

Answer:

Abe matherchod Kya kr rha hai bro bhosaro wala

Answered by ltzAngel

1

Answer:

Forecasting: Statistical data are useful to forecast the changes in the factors which influence other factors. This information enables economists to formulate polices and suggestions to overcome the problem. Formulation of policies: Statistical data is essential for formulating policies of economic development.

Explanation:

hope it will help you...☺️

Previous Question

Next Question

Similar questions

Math, 2 months ago

17. Which expression has a value greater than -3 ? (a) 4+ (-9) (b) 3+(-8) + 1 (c) -10 + 8 (d) -1 +(-5) + 2...

Hindi, 2 months ago

apne mitr ko kakcha mein achhe ank lane par badhai patr likho?

Math, 2 months ago

"Q6 (a) What is the minimum interior angle possible for a regular polygon? Why? (b) What is the maximum exterior angle possible for a regular polygon? Understanding Quadrilateral page no. 44"...

English, 5 months ago

A: complete the following sentences by adding sukiable causes World hard if 1...

Hindi, 5 months ago

(i) कार्य में सफलता के लिए क्या आवश्यक है? (ii) साहस को मनुष्य का पहला गुण क्यों कहा गया है? (i) व्यक्ति का भाग्य कब प्रभावहीन हो जाता है? (iv) साहस को व्यक्तित्व का नायक क्यों कहा गया है? (v) व्यक्ति की सफलता के लिए आत्मविश्वास कितना आवश्यक है?

Geography, 11 months ago

What steps taken by the Government to conserve Plants & Animals? पौधों और जानवरों के संरक्षण के लिए सरकार ने क्या कदम उठाए हैं।...

Math, 11 months ago

Find a formula for the general term of each of the following a) -4,-1,2,5,8,..... b) 5,9,13,17,21,....

Math, 11 months ago

Differentiate the following functions with respect to x: 2. tan?