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What statistical approach is important for formulating public finance policy?
  • a)
    Utilizing historical precedents
  • b)
    Relying on anecdotal evidence
  • c)
    Focusing solely on future predictions
  • d)
    Ignoring past data
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
What statistical approach is important for formulating public finance ...
Utilizing historical precedents is crucial for formulating effective public finance policies. By analyzing past data, governments can make informed decisions that reflect previous successes and failures, helping to steer current policies in the right direction.
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