What is the scope of statistics …
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Sia ? 6 years, 4 months ago
Scope and importance of Statistics:
1. Statistics and planning: Statistics is indispensable into planning in the modern age which is termed as “the age of planning”. Almost all over the world the govt. are re-storing to planning for economic development.
2. Statistics and economics: Statistical data and techniques of statistical analysis are immensely useful in solving economic problem such as determination of wages and price, time series analysis, demand analysis.
3. Statistics and business: Statistics is an responsible tool of production control. Business executive are relying more and more on statistical techniques for studying the much and desire of the valued customers.
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