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Importance of statistics in business and economics?
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.
What is statistical analysis?
Statistical analysis is a method of studying large amounts of business data and reporting overall trends. Single data is studied instead of a cross-section of data.
What is the importance of statistics to business?
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...
What is the definition of workforce trends?
Workforce trends are events that affect your workforce. Generally trends within the workforce change based on changes within the company's industry.
What chart is best for highlighting trends in data?
A column chart is a good choice for showing trends in data because viewers can easily identify trends by looking at the columns.
