Statistics serves as the keystone for a meaningful description of economic phenomena, the measurement of economic variables, their functional relationships, estimation and forecasting and the empirical verification of economic doctrines and dogma. Ideally, therefore, statistics that applies to the study of economics is described as "economic statistics". The need for an adequate knowledge of basic statistics for the students of economics at the graduate level is being increasingly emphasised.
This book, at the introductory level, provides the basic knowledge of statistical techniques and their application in the field of economics. The object is to make the reader understand the conditions and mode of their application. The book caters to the urgent need of a comprehensive textbook or a reference book for studying economics and statistics as a compulsory paper in the honours group in the B.A. or B.Com. courses. Candidates appearing for competitive examinations like C.A., I.C.W.A., l.A.S., and l.E.S. can use this book to their advantage.