What is the Importance of Statistics in Business

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Business Statistics Analysis, Without consumer spending, businesses cannot thrive.

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Businesses may better serve their customers by identifying consumer trends with the use of statistical research.

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There are a few situations in which statistical in a corporate context may be particularly beneficial.

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1. Identifying Opportunities

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2. Understanding customer behavior

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3. Determining the correct target market

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4. Evaluating products or services

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