UNIT 1:
INTRODUCTION
TO STATISTICS
PART - II
• The process of counting or enumerating and
recording the same systematically is called
“Collection of data”.
• Census or Sample technique is adopted in
collecting the “Primary” data. The Collected raw
data is edited and scrutinized by detecting the
errors and omitting the irrelevant and inconsistent
information.
Sources of Collecting the
data
Primary Sources
• The data which are originally collected for the first
time are called as “Primary Data”.
Types of primary data
Direct
personal
inteview
Indirect oral
interview
Local
Agencies
Observation
Questionnaires
Schedules
Secondary Sources
• Published books
• Journals
• Internet
• News papers
• Articles
Objectives of
classification
1. To eliminate unnecessary detail of the data.
2. To convert the raw data into an organised data.
3. To present the complex data into a simple form.
4. To bring out similarity and dissimilarity in the
items.
5. To bring in uniformity among the facts.
6. To present the data in a condensed form.
7. To establish relationship between the two series.
TYPES OF CLASSIFICATION
Qualitative (Descriptive / Attributes)
Simple
Composite
Arbitrary
Quantitative (Numerical / Variables)
Discrete
Continuous
THANK YOU

Quantitative Analysis for Business Decision - Chapter 1