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importance of statistics in field of economics

Q: What is the importance of statistics in the field of economics?

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importance of statistics for an economist

This is about as stupid a question as asking "What is the importance of electricity to a light bulb". Or "What is the importance of numbers and markings on a ruler?"

what are the importance of statistics to welding

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There are many reasons why statistics in are in important in a field of computer science. These statistics help improve computers.

statistics had a great role in the business and commerce field . it also had agreat role in the field of research.

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Statistics are needed to analyze data and show which outcomes are significant.

Please give me a importance of study of statistics

specifis application of statistics to economics or business

Demographics is entirely statistical in nature. It could be defined as the study of the statistics that are related to the human population.

what is the importance of statistics?