Definition, Scope, Importance and Limitations of Statistics

Meaning and Scope of Statistics

Introduction

Statistics is a mathematical science pertaining to the collection, analysis, interpretation or explanation and presentation of data. It provides tools for predicting and forecasting the economic activities. It is useful for an academician, government, business etc.

On the
.... Read More

Importance and Distrust of Statistics

Introduction

Statistics is an inevitable tool for an economist to analyse various economic problems. Statistics is important for the study of consumption, production, exchange, and distribution and for planned development. The limitations of statistics are

It is not useful for individu
.... Read More

To Access the full content, Please Purchase