Notes | Economics
Application of Statistics in Economics
Class : 11
Application of Statistics in Economics
Class : 11
Statistical aspect is one of the important aspects for quantitative analysis in economics. Economics statistics is a systematic body of knowledge concerned with the application of statistical methods to theoretical economics argument. It is a science that checks the ideas in economies theory with the help of quantitative and historical information and suggests methods of improvements where necessary. In fact, statistical methods are the tools and appliances of an economist’s laboratory.








Frog lives in fresh water, moist and damp place. They are poikilothermic (cold blooded). Frog becomes active in rainy season and they breed in rainy season. In winter and summer season, they live under soil and are inactive. The winter period is called hibernation and summer period is called aestivation. During hibernation and aestivation, they utilize food stored in their body.





































