While attending an exercise to the lecture in economic policy – with which I did have my problems – the tutor made a remark about the topic “statistics in economy”. Basically, he remarked that statistics are being used for such interesting subject as the per-capita-consumption of carrots and that Germany is having a mid-table position in this discipline. Obviously he doesn’t regard that application of statistics as that important.
I’m not an expert on that subject, but I can imagine that every person who takes part in the production, trade or sale of carrots, can use informations about their consumption well. The prediction of demand (like prediction in itself) is in fact an important part of management, and this should work with statistics much better than without statistics.
Like I said: The tutor who did make this remark, did this in the context of a lecture on economy.
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