PAPER ID:IJIM/V.4(I)/23-26/7

AUTHOR: Prof. Suraiah D

TITLE : AN OVERVIEW OF STATISTICAL BASED RESEARCH TOOLS IN ECONOMICS SUBJECT

ABSTRACT: The definition of “research tool” encompasses a wide range of items, including devices, technologies, procedures, biological materials, reagents, computer systems, computer software, and analytical techniques. These tools are designed to aid in the exploration, advancement, or production of a qualified product or project. In the field of Economics, statistics are crucial and are closely intertwined, as both rely heavily on numbers and facts. This paper delves into Descriptive and Inferential Statistics within the realm of Economics, covering Measures of central tendency, Non-parametric and parametric tests, Student’s t-test, and Analysis of variance as research tools.     

KEYWORDS: Economic research, Research tools, Analysis, Techniques, Economic statistics, Measures

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