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Importance of Mathematics and statistics to Economics

INTRODUCTION Statistics and mathematics are everything to economics. infact statistics and Mathematics, the economic field wouldn't even exist. Economist need statistics to represent data, to track and store information, to identify trends, to attribute value and mathematics to calculate those figures.The way to look at the relationship between statistics and economics is that economics is essentially the study of human decisions and trends, and how these have a financial impact. Economists rely on information to form analyses, understanding and opinion…...

Pages: 2

Words: 377

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