importance of statistics in field of economics
statistics had a great role in the business and commerce field . it also had agreat role in the field of research.
what are the importance of statistics to welding
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There are many reasons why statistics in are in important in a field of computer science. These statistics help improve computers.
there are field in education and field in business......
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Statistics are needed to analyze data and show which outcomes are significant.
Following are the steps helps to managers while taking decisions.. 1.Establish objectives. 2.Define the problem. 3.identify factors that affect the problem. 4.specify alternative solutions. 5.collect data and other informations. 6.Evaluate and screen alternatives. 7.Implement best alternative and monitor result. I think these are the main process in managerial economics.. By -Nsk
Please give me a importance of study of statistics
Demographics is entirely statistical in nature. It could be defined as the study of the statistics that are related to the human population.
There are many different fields in "business" so the education requirements will vary. However, you can nearly always count on subjects such as math, calculus, statistics, english, writing, history, economics, public speaking and probably about 20+ more.