Economy, Business And Markets
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Necessity of Applied Statistics for Economic Planning, Business

One of the negative consequences of a traditional business mechanism is the creation of potential corruption areas wherein many trading companies would lobby to avoid operational risk
The emergence of a new market structure, based on the presentation of the periodic statistics of transactions,  has priority over the growth of technology.The emergence of a new market structure, based on the presentation of the periodic statistics of transactions,  has priority over the growth of technology.

Talking about statistics, almost all economists promptly think of advanced econometric analysis and prediction of nonlinear relations in an uncertain atmosphere or recognition of important relationships between macroeconomic variables like exchange rate or interest rate.
The importance of these methods and technical approaches is clear for all economists. But it is also significant to perceive that when it comes to action, a large segment of problems are not complicated and with the expanding use of simple statistical concepts, one can overcome a wide range of economic problems and perhaps this approach may be far more effective.

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