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What is Statistics in Business and Economics about?

Statistics are used across many sectors including business, economics, banking, state management, accounting, auditing, and natural and social sciences. In business, statistics help with production planning, quality control, location selection, and marketing. In economics, statistics are used for national income accounts, research, and studying supply and demand. Banks use statistics to estimate deposit withdrawals and manage risks. Governments rely on statistics for policymaking, budgeting, and administrat

Author

Zakir Khan

Language

EN