What Role Does Statistics Play in BANKING?

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What Role Does Statistics Play in BANKING?

2007-01-19 12:16:27 · 2 answers · asked by Ray 1 in Business & Finance ➔ Other - Business & Finance

2 answers

Banks have software that analyzes a company's financial statements for so many periods and then uses the statistics to measure the credit risk of the company as a potential borrower based on it's past performance; statistics are also used to project future performance.

2007-01-19 12:22:50 · answer #1 · answered by Dana Katherine 4 · 0⤊ 0⤋

It keeps a lot of people employed.

2007-01-19 12:21:25 · answer #2 · answered by smiling_freds_biz_info 6 · 0⤊ 0⤋