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Statistics is a mathematics self-discipline that provides equipment for knowledge prediction and forecasting so that you can make the whole process of info Examination much easier. Right now, statistics is utilized in several fields which include educational institutions, govt businesses, and companies.
Econometrics can be a branch of economics that applies statistical and mathematical procedures and products to investigate financial information. It utilizes observations and theories to carry out a quantitative Investigation of the economic phenomenon.
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Quantitative knowledge analysis Then again offers with knowledge that's in type of numbers. Both qualitative and quantitative knowledge Assessment form the basis of best information Examination, presentation, and forecast.
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