Business Statistics & Statistics
Guidelines for Data Classification
The classes should be distinct and complete. Each observation or unit must be assigned to a distinct class. […]
Data Classification and Tabulation
Business Statistics & Statistics
Steps to an Effective and Successful Data Classification
You can classify data efficiently and successfully in the following steps. 1. Determine the classification’s objectives: […]
Business Statistics & Statistics
Functions of Classification of Data in Statistics
Makes data more understandable by simplifying it. Condenses information. Prioritizes the collected key data while separating the optional elements. […]
Business Statistics & Statistics
Objectives of Classification of Data in Statistics
It helps in the presentation of data in a concise manner. As a result, data analysis becomes more convenient. […]
Business Statistics & Statistics
Difference between Classification and Tabulation of Data in Statistics
After data collection, the classification process begins, and it is the first step in the tabulation. Only after the classification is completed, the tabulation procedure begin. […]
Business Statistics & Statistics
Uses of Tabulation of Data & Objectives of Tabulation
Uses of Tabulation of Data / Objectives & Advantages or Importance of Tabulation of Data Uses of Tabulation of Data: Tabulation, essentially, is a technique for filling the gap between the collection of data and their […]
Business Statistics & Statistics
Uses of Classification of Data
When the data collected is diverse, classification is required for effective presentation and analysis. […]
Business Statistics & Statistics
Types of Tables in Tabulation of Data
Tables may broadly be classified into categories: Simple and complex tables, General-purpose and special purpose (or summary) tables. […]
Business Statistics & Statistics
Tabulation of Data
The various parts of a table may change based on the data provided, but a good and decent table must include at least the following parts: […]
Business Statistics & Statistics
Principles of Data Classification
The classes can be more than 15 depending upon the total number of observations in the data and the details required, but they should not be less than 5 because, in this case, the classification may not reveal the essential characteristics. […]