Write three sentences highlighting the importance of statistics in economics

Asked by admin @ 04/08/2021 in Economy viewed by 954 People

Answered by admin @ 04/08/2021

Answer:

Statistical data are useful to forecast the changes in the factors which influence other factors. This information enables economists to formulate polices and suggestions to overcome the problem. Formulation of policies: Statistical data is essential for formulating policies of economic development.

What is the importance of statistics in economics

Asked by admin @ 29/08/2021 in Economy viewed by 336 persons

What is the importance of statistics in economics

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Asked by admin @ 17/08/2021 in English viewed by 309 persons

Write three sentences on how we harm tree

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Write two to three sentences that explore the effect of the conflict on turner buckminster.

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Write three important features of the painting water lilies

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Write three important features of the painting water lilies

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Asked by admin @ 31/08/2021 in Biology viewed by 381 persons

Write the three basic characteristics of a cell.

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Asked by admin @ 26/08/2021 in Science viewed by 366 persons

Write any three postulates of Dalton's atomic theory

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Asked by admin @ 23/08/2021 in English viewed by 346 persons

Write three things you like to do at your home

Write the name and formula of three hydrated salt

Asked by admin @ 17/08/2021 in Chemistry viewed by 439 persons

Write the name and formula of three hydrate salts

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Asked by admin @ 17/08/2021 in Computer Science viewed by 332 persons

Write a program to find average of three numbers.

Write any three postulates of kinetic theory of gases

Asked by admin @ 17/08/2021 in Physics viewed by 311 persons

Write any three postulates of kinetic molecular theory of gases

Write the name and formula of three hydrated salts

Asked by admin @ 16/08/2021 in Chemistry viewed by 426 persons

Write the name and formula of three hydrate salts

Write five sentences on how you help at home

Asked by admin @ 16/08/2021 in English viewed by 418 persons

Write five sentences on how you help at home.1. I help my mother...........2. I help my father...........3. I help my brother in..........4. I also help my sister with.........5. I do..............in …