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Welcome to Economypedia,a community building a complete economic dictionary and wiki of economic terms. We experience the economy on a daily basis and our collective decisions often define what the economy is going to do in the future. Economypedia is free for all to use and edit. Find out about Economic Statistics . Statistics as a subject refers to a set of mathematical analytical tools, which are used for interpreting and analyzing data (a collection of numerical observations). Statistics when referred to in a plural sense means data. Statistics makes use of different disciplines of mathematics like algebra, integral, and differential calculus.
