USING STATISTICAL SURVEY IN ECONOMICS

Statistical survey is an effective method of statistical investigation that involves gathering quantitative data, which is often preferred in statistical reports due to the information which can be obtained regarding the entire population studied by observing a part of it. Therefore, because of the information provided, polls are used in many research areas. In economics, statistics are used in the decision making process in choosing competitive strategies in the analysis of certain economic phenomena, the formulation of forecasts. Economic study presented in this paper is to illustrate how a simple random sampling is used to analyze the existing parking spaces situation in a given locality.