Economy, asked by passangdiki143, 8 months ago

why stastics is important in economics

Answers

Answered by sweetysinghal7109

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.

Answered by Lchanu

Answer:

it helps us to understand and analyze economic theories and denote correlations between variables such as demand, supply , price ,etc

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