EES 100: MATHEMATICS FOR ECONOMISTS I

Institution KENYATTA UNIVERSITY
Course ECONOMETRICS AND STA...
Year 1st Year
Semester Unknown
Posted By Brian Mike
File Type pdf
Pages 97 Pages
File Size 901.83 KB
Views 2985
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Description

Statistics which is a branch of mathematics is used by economists to transform raw data from the real world into numerical generalizations. Such generalizations are used by economists to construct a network of interlocking relationships which enable them to draw conclusions about economic variables that are related to each other only directly.
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