Role of Mathematics in business and economics

Amari Flowers 2021-02-03 Answered
Role of Mathematics in business and economics
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Expert Answer

Jaylen Fountain
Answered 2021-02-04 Author has 170 answers
Step 1
The use of advanced mathematics can make business models more effective and efficient.
Step 2
Mathematics can be applied in business operations such as inventory management, accounting, financial analysis, and financial forecasting.
Advanced mathematics such as calculus, linear programming, matrix, algebra, trigonometry, etc can be used in various business models.
In economics, quantitative methodologies rely on many mathematical models and equations, to create charts, forecast analysis, big data techniques, etc.
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