Importance of business statistics

                                                          Economic of statistics

                 Important of business statistics

In the present open market economy for the prosperity and success in trades and commerce sound management  is  a

Most. The importance and uses of business  statistics  are

Discussed below:

  1.   Determining business spot.

  2.   Business forecasting.

  3.   Financial analysis in business.

  4.   Estimating worker skill.

  5.   Estimating production rate and its state.

  6.   Measuring seasonal variation.