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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 is the relationship between financial accounting and Statistics?
what is the relationships between statistics and accounting
What is relationship between agriculture and statistics?
Agriculture uses statistics, statistics does not use agriculture.
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 relationship between a sample and population is statistics?
Information obtained from the sample can be extrapolated to the whole population using statistics.
What is the relationship between health care productivity and health economics?
relationship of health and economics relationship of health and economics relationship of health and economics
What is the relationship between economics and statistics?
Many aspects of Economics depend on independent decisions made by a very large number of participants. These actions can be estimated by statistics, and statistical models fitted to economic processes.
What is the relationship between Home economics and mathematics?
NO Relationship
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 is the relationship between financial accounting and Statistics?
what is the relationships between statistics and accounting
What is the importance of statistics in the field of economics?
importance of statistics in field of economics
What is relationship between agriculture and statistics?
Agriculture uses statistics, statistics does not use agriculture.
What are relationship between econometrics and statistics?
Econometrics is basically applied statistics. The theory you learn in statistics can be used to answer questions posed in the field of economics. Because this application is mathematical, it allows economists to perform research using economic data in an empirical, scientific, and rigorous manner.
What is the relationship between economics and scarcity?
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What is the use of statistics in economics?
It helps in summarising the data It helps in making polices It gives information in a precise and exact form It helps to find out the relationship between economic facts
Specific application of statistics in Economics?
specifis application of statistics to economics or business
Is there a relationship between dynamics and statistics?
There is a relationship between thermodynamics and statistics. For more detail than you can probably handle, check out the book Statistical Thermodynamics by McQuarrie.
