Search Results for: statistics in economics

Statistics Project Ideas

75+ Realistic Statistics Project Ideas For Students To Score A+

Statistics is one of the major subjects for every student, even in high school or college. These days, almost every student is searching for the best and most practical statistics project ideas. Even if you are a humanities, science or commerce student, you should have a good command of it.  Statistics has many sub-topics, such

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application-of-mathematics-in-statistics

Top 7 Application Of Mathematics In Statistics You Need To Know

What is the application of mathematics in statistics? Wait!! Mathematics and statistics are not the same! Well, the answer is no. Mathematics and statistics are two different branches of studies.  Like the measurement in mathematics is used for understanding the units and problems precision. This deals with different measures for example area, length, and breath.

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Types of Economics

Types of Economics | Which Is The Most Popular Type of Economics?

Economics is critical in our everyday life. It allows us to analyze past, future, and current techniques and implement these models to nations, governments, businesses, and individuals. Do you know what the thing this pandemic covid-19 affected most is? Many lives and livelihood of peoples of course. But apart from this, it affected the economy

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basic statistics formula

A Comprehensive Guide to the Fundamental Statistics Formula

Statistics is defined as the area of mathematics that deals with data organisation, interpretation, analysis, and presentation. It is used extensively in many forms of commerce and scientific research so as to convert large datasets into usable insights. Here, in this blog, to make your learning journey easier, we will introduce you to some important

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probability-vs-statistics

Probability vs Statistics: Which One Is Important And Why?

Majority of students are still not able to distinguish between probability vs statistics. Probability and statistics are the related areas of mathematics. We use them for analyzing the relative frequency of events. But there is a vast difference between probability and statistics. Let’s start with the basic comparison. Probability deals with the prediction of future

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Statistics vs Machine Learning: Which is More Powerful

Statistics vs Machine Learning is always a significant issue that statistics students face. They are still unable to differentiate between machine learning and statistical modeling. The objective of statistics and machine learning is almost the same. But the significant difference between both is the volume of data and human involvement for building a model. In

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