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∙ 9y agoStatistics is very important in business and economics because it helps businesses make informed and accurate decision based on certain trends. It helps the planning and production process.
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Write short note on the Importance of statistics to modern day business?
Write short note on the business
Importance of statistics in science?
what is the importance of statistics?
What are the importance of statistics in economics?
Statistics play an important role in economics. Economics largely depends upon statistics. National income accounts are multipurpose indicators for the economists and administrators. Statistical methods are used for preparation of these accounts. In economics research statistical methods are used for collecting and analysis the data and testing hypothesis. The relationship between supply and demands is studies by statistical methods, the imports and exports, the inflation rate, the per capita income are the problems which require good knowledge of statistics.
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.
What is the importance of statistics in Nigeria?
ai want to know the importance of statistics in nigeria
What is the importance of statistics in the field of economics?
importance of statistics in field of economics
Importance of statistics to economics?
importance of statistics for an economist
What is the importance of statistics in the field of business economics?
This is about as stupid a question as asking "What is the importance of electricity to a light bulb". Or "What is the importance of numbers and markings on a ruler?"
Specific application of statistics in Economics?
specifis application of statistics to economics or business
What has the author Paul Newbold written?
Paul Newbold has written: 'Forecasting in Business and Economics, Second Edition (Economic Theory, Econometrics, and Mathematical Economics)' 'Statistics for business and economics' -- subject(s): Statistical methods, Economics, Statistics, Commercial statistics 'On the incremental benefits of using consolidated accounting data to predict conglomerate earnings' 'Statistics for Business& Economics & Stu CD' 'Introductory business forecasting' -- subject(s): Statistical methods, Business forecasting
Discuss the importance of descriptive statistics in business organisations?
Discuss the importance of descriptive statistics
What has the author David Ray Anderson written?
David Ray Anderson has written: 'An introduction to management science' -- subject(s): Linear programming, Management, Management science, Mathematical models, Operations research 'Modern business statistics with Microsoft Excel' -- subject(s): Commercial statistics, Microsoft Excel (Computer file) 'Statistics for business and economics' -- subject(s): Statistical methods, Methodology, Economics, Statistics, Commercial statistics 'Modern business statistics with Microsoft Office Excel' -- subject(s): Commercial statistics, Microsoft Excel (Computer file) 'Essentials of statistics for business and economics' -- subject(s): Statistical methods, Problems, exercises, Statistics, Economics, Social sciences, Commercial statistics 'Essentials of statistics for business and economics' 'Essentials of modern business statistics with Microsoft Excel' -- subject(s): Commercial statistics, Computer programs, Microsoft Excel (Computer file) 'Instructor's manual with solutions to accompany Quantitative methods for business' 'Statistics for business and economics' 'Quantitative methods for business' -- subject(s): Textbooks, Management science
Why statistics economics sociology psychology is important in business?
Statistics, economics, sociology, and psychology are important in business as they provide valuable tools for analyzing data, understanding market trends, consumer behavior, and decision-making processes. By utilizing these disciplines, businesses can make informed decisions, forecast outcomes, and develop strategies to effectively meet customer needs and achieve organizational goals. This interdisciplinary approach helps businesses stay competitive and adapt to the dynamic business environment.
What has the author Frederick Cecil Mills written?
Frederick Cecil Mills has written: 'Statistical methods applied to economics and business' -- subject(s): Statistics, Economics, Business 'A manual of problems and tables in statistics' -- subject(s): Accessible book, Lending library, Statistics 'Statistical methods ..' -- subject(s): Statistics, Economics, Business 'Contemporary theories of unemployment and of unemployment relief' -- subject(s): Unemployed, Public welfare, Unemployment 'Introduction to statistics' -- subject(s): Statistics
What has the author Michael Barrow written?
Michael Barrow has written: 'Statistics for economics, accounting and business studies' -- subject(s): Commercial statistics, Economics, Statistical methods
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
What has the author Kosaku Yoshida written?
Kosaku Yoshida has written: 'TITLE NOT SUPPLIED' 'Elementary statistics for business and economics' -- subject(s): Commercial statistics, Economics, Statistical methods
