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ECO CHAP 4 Statistics
ECO CHAP 4 Statistics
ECO CHAP 4 Statistics
Introduction
Distinctiveness
Classification renders obvious differences among the data
more distinctly.
Characteristics of a Good Classification
1) Comprehensiveness : Classification of the raw data should be so
comprehensive that every item of the data gets into some group or class.
2) Clarity : Classification of the raw data should be clear and simple.
3) Homogeneity : All items in a group or class must be
homogenous or similar to each other.
4) Suitability : The composition of the classes must suit
the objective of enquiry. The data must be classified
based on different levels of income and expenditure.
5) Elastic : There should be scope for change in the
classification matching with the change in the purpose of our study.
6) Stability : A particular kind of investigation should be based on the same
set of classification.
Basis of Classification
Quantitative
Geographical Chronological Qualitative or
Numerical
Simple Manifold
Geographical Classification
This classification of data is based on the geographical or locational differences of the data.
Chronological Classification
When data are classified based on time, it is known as chronological classification.
Qualitative Classification
This classification is accordingly to the qualities or attributes of the data.
This classification may be of two types :
Simple Classification Manifold Classification
It is called classification according to dichotomy. When classification according to the quality of data
involves more than one characteristic, it is called
This is because data are divided based on the
manifold classification. To illustrate, factory workers
existence or absence of quality. Male-female, may be classified as ‘skilled’ and ‘unskilled’. These
healthy-unhealthy, educated-uneducated, are may be further classified as literate or illiterate and
examples of dichotomy. still further as rural or urban.
Individual
Types of Series
Discrete
Statistical Series
Series Frequency
Series
Frequency
Distribution
Individual Series
These are those series in which the items are listed singly.
Frequency
Distribution
Cumulative Mid-values
Exclusive Inclusive Open End
Frequency Frequency
Series Series Series
Series series
Exclusive Series
Exclusive series is a series in which every class interval excludes items
corresponding to its upper limit.
Inclusive Series
An inclusive series is a series which includes all items up to its upper limit.
Open-end Series
An open-end series is a series in which the lower limit of the first-class interval and
(or) the upper limit of the last class interval is missing.