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What are the functions of Statistics? - Economics

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प्रश्न

What are the functions of Statistics?

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उत्तर

Functions of Statistics:

  • Statistics presents facts in a definite form.
  • It simplifies the mass of figures.
  • It facilitates comparison.
  • It helps in formulating and testing.
  • It helps in prediction.
  • It helps in the formulation of suitable policies.

(1) Statistics are an aggregate of facts:
For example, numbers in a calendar pertaining to a year will not be called statistics, but to be included in statistics it should contain a series of figures with relationships for a prolonged period.

(2) Statistics are numerically enumerated, estimated, and expressed.

(3) Statistical collection should be systematic with a predetermined purpose:
The purpose of the collection of statistics should be determined beforehand in order to get accurate information.

(4) Should be capable of being used as a technique for drawing comparison:
It should be capable of drawing comparisons between two different sets of data by tools such as averages, ratios, rates, coefficients, etc.

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Characteristics and Functions of Statistics
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 12: Introduction to Statistical Methods and Econometrics - Model Questions [पृष्ठ २८०]

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सामाचीर कलवी Economics [English] Class 12 TN Board
पाठ 12 Introduction to Statistical Methods and Econometrics
Model Questions | Q 28. | पृष्ठ २८०
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