Economy, asked by rajrishabh594, 7 months ago

write any three importance of statistics in
Economics ?
:-

Answers

Answered by radheshyam6441

3

Answer:

Quantitative expression of economic problems: 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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