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How is Statistics Related to Finance?
Statistics deals with data ,through collection of data analysis and interpretation is performed. Statistics is used as an application in the field of business and finance. The importance of Statistics in Finance is growing day by day . the reason is that through statistics one can improve market valuation, predict the future business lowering the risk that an investor takes while developing new financial products. So in Investment banking and Financial Institutions the knowledge of statistics is a must.
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