Statistics 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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Statistics 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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what is the importance of statistics?
Some of the sub-branches of economics that rely on fields of statistics and mathematics are econometrics, transport economics, managerial economics and international economics.
importance of computer system in the study of statistics
usinesses rely heavily on statistics to determine consumer trends and calculate important economic data. The data that is collected and the information derived from that data is useful in planning...