Economicsis a social science that aims to describe the factors that determine the production, distribution, and consumption of goods and services, i.e. the economy. It is the study of how we choose to use resources. Definitions of the term ‘economics’ can vary considerably, depending on peo...
IfyouareplanningaEuropeantripthat?saffordableandalittlebitoffthebeatenpath,Romaniais perfect for you.Unlike other popular places,manycharmingtowns hereremain unknowntomostforeigners.Youcanalsotakefree walkingtoursinthenumeroushistoricalsites. Hostelsrun $10—$15pernight,foodishearty anddelicious,andthepublict...
Statistics are used to make informed decisions, understand trends, and interpret data in various fields like economics, medicine, and social sciences. 7 Is "statistic" only related to numbers? Primarily, yes. A statistic represents a specific numerical fact or piece of data. 5 Why is the field...
The most common statistic is themean. It represents the average of a dataset. Other common statistics include the median and the mode. The median is the middle value in a sorted dataset, while the mode refers to the most commonly occurring value. These measures also provide insights into the...
This blog takes us to the concept of business statistics, explaining its types, importance, applications, scope and careers in Business Statistics along with its limitations. Check out this youtube video on Business Analyst Course: Definition of Business Statistics Business statistics is a set of ...
Ecommerce is the business of buying and selling goods and services over the internet. Ecommerce customers can make purchases from their computers as well as other touchpoints including smartphones, smartwatches, and digital assistants such as Amazon’s E
Statistics is a vast discipline, with application in numerous fields like research, finance, sports, economics, marketing, health, education, etc. In simple words, it is a science of interpreting, analysing and drawing conclusions from the data collected...
Economics is a branch of the sciences that seeks to understand the way a population functions by studying the way its economy functions. Every group of people develops a survival plan based on shared labor and resources. How they do that, and how well they succeed at it, is the central fo...
Econometricsis a specialized field that bridges economics, mathematics, and statistics. It focuses on using statistical methods to analyze economic data and test economic theories.Econometriciansdevelop models that quantify relationships between economic variables, such as how changes in interest rates affect...
Statisticsisthescienceofcollecting,organizing,presenting,analyzing,andinterpretingdatatoassistinmakingmoreeffectivedecisions.DATA MeaningfulInformation Tools&Techniques 2 TypesofData Classifiedas:Quantitative/QualitativeandTime-Series/Cross-Sectional 3 TypesofData Quantitative定量的 Mathematical 数学的 Qualitative定性的 ...