Statistics are a very valuable tool in studying and solving
the economic problems and the formulation of economic policies such as
production, supply and demand, consumption, price development, wage policy, and
others.
Keep in mind that the statistics have limitations as
follows.
a. Statistics are only used for the quantitative data.
b. Statistics do not discuss individual data.
c. Statistics can only be used for someone who understands
statistics.
d. Statistics can not be used to prove anything.
e. Statistics can not provide definitive conclusions or
final,
f. Interpretation of the data is very dependent on the
decision-making considerations that are sometimes heavily influenced by various
factors, whether they are social, economic, and political.
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