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Specific application of statistics in Economics?

specifis application of statistics to economics or business


What is the importance of statistics in the field of economics?

importance of statistics in field of economics


What are the sub-branches of economics that relies on fields of statistics and mathematics?

Some of the sub-branches of economics that rely on fields of statistics and mathematics are econometrics, transport economics, managerial economics and international economics.


Discuss the importance of descriptive statistics in business organisations?

Discuss the importance of descriptive statistics


What are relationship between econometrics and statistics?

Econometrics is basically applied statistics. The theory you learn in statistics can be used to answer questions posed in the field of economics. Because this application is mathematical, it allows economists to perform research using economic data in an empirical, scientific, and rigorous manner.


What is the definition for Psychological Statistics?

Psychological statistics is the application of statistics to psychology.


What has the author Gerald Keller written?

Gerald Keller has written: 'Essentials of business statistics' -- subject(s): Commercial statistics 'Statistics, The Mbook' 'Student solutions manual for Statistics for management and economics' -- subject(s): Economics, Management, Problems, exercises, Problems, exercises, etc, Statistical methods 'Statistics with Management Science' 'Study guide for Statistics for management and economics' -- subject(s): Statistical methods, Study guides, Management, Economics 'Instructor's manual for Statistics laboratory manual'


What do scholars talk about when they discuss economics?

When scholars discuss economics they talk about how to understand demand and supply. They also assess how businesses affect the economy.


Different uses of statistics?

discuss the different day to day uses of statistics


Why do we use statistics in economics?

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What is economatics?

econometric is the mixer of statistics, mathematics and economics.


What has the author William E Becker written?

William E. Becker has written: 'Statistics for business and economics' -- subject(s): Commercial statistics, Economics, Microsoft Excel (Computer file), Statistical methods, Statistics