Statistics compile information that can be seen on paper. In economic planning, this can help a business decide if there is enough population to support a decision or if a targeted area is worth expanding.
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∙ 10y agousinesses 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...
Statistics is an inevitable factor to be considered when planning education.
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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...
Statistics is an inevitable factor to be considered when planning education.
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Richard S. Overton has written: 'Business planning' -- subject(s): Economic conditions, Economic forecasting, Industries, Inventories, Statistics
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Businesses 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 an advertising strategy based on demographics and geographies, and internal statistical data guides the business on how they should allocate their resources to insure the greatest profit margin.