Every day the media is full of all kind of statistics and whether they are useful or not is up to each individual. When used properly, statistics can help investors make more informed decisions.
The reasons why statistics are important are as follows:
Economic statistics keep track of the economy. They explain whether the economy is in an expansion, a recession, a sideways or cyclical motion.
By monitoring the status of the economy, statistics provide governments with information on what sort of policies can be used to fix whatever problems the economy may be having.However, as we all know, theres no guarantee that the state will sctually fix any problem.
Statistics provide investors with information that can be useful to make market related investment decisions, i.e. when to buy or sell shares or other securities.
Some of the most commonly reported statistics are:
Stock Market Indices:
World-wide investors look at the Dow Jones Industrial Average as an indicator of stock market trends since this index is considered the largest and most important one. No wonder! About 60% of all financial activities in the world either take...
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