Classification of data involves arranging data into homogeneous groups based on common characteristics. There are several types of classification including chronological, geographical, qualitative, and quantitative. Qualitative classification can be nominal, ordinal, or ratio/interval scales. Nominal data involves naming categories while ordinal data allows ranking. Ratio/interval data involves equal intervals and a true zero point. Quantitative data can be discrete/discontinuous with gaps or continuous without gaps. Overall, classification simplifies data and allows comparison and analysis.