Business and Economic Statistics

Business and Economic Statistics involve collecting, analyzing, and interpreting numerical data related to companies and the economy. This field helps identify patterns, measure performance, and inform decisions by providing insights into factors like sales, costs, employment, inflation, and growth. It ensures that business strategies and government policies are based on factual, data-driven evidence. By understanding trends and relationships within economic data, organizations and policymakers can make informed choices to improve financial health, efficiency, and overall economic stability.