دراسات إقتصادية
Volume 23, Numéro 2, Pages 131-150
2024-01-30
The Role Of Statistical Information In Decision-making Process
Authors : Zouadi Nihad .
Abstract
This study aims to highlight the crucial role of statistical data and information in the processes of decision-making and policy formulation in general. The rapid growth of data science, driven by technological advancements, has broadened its application across various domains, making statistics an indispensable element influencing all aspects of daily life, including economics, finance, marketing, and insurance. To assess the comprehension of the role and importance of statistical information in the decision-making process, we conducted a survey at Algiers 3 University (Faculty of Economic sciences, Commercial, and Management Sciences). The choice of this department was deliberate, considering its specialization, along with respondents' familiarity and prevailing perceptions regarding our subject and its broader implications. The findings of our study emphasized the paramount role of statistics in contributing to development planning, prompting many countries to prioritize establishing or enhancing efficient statistical systems.
Keywords
Data ; Information ; Statistics ; Decision-making ; Processes
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