The importance is you can determine how many people are going to have sex with each other
Oh honey, statistics are like the bread and butter of economics. They help economists make sense of all that messy data and draw conclusions that actually mean something. Without stats, economics would just be a bunch of fancy theories with no real-world application. So yeah, statistics are pretty darn important in the world of economics.
what is the importance of statistics?
what are the importance of statistics to welding
importance of statistics in trade
importance of basic statistics
economists follow the country's GDP and other key statistics to predict business cycles.
importance of statistics in field of economics
appraise the importance of statistics to human activities
Economists follow the country's GDP and other key statistics to predict business cycles
Economists use math to calculate statistics in sales and business profits. Economists also use math to predict trends in supply and demand.
Discuss the importance of descriptive statistics
importance of computer system in the study of statistics