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Do you agree that classified data is better than raw data?Why? - Economics

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Question

Do you agree that classified data is better than raw data? Why?

Short/Brief Note
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Solution

The classified data has the following advantages over the raw data.

1. Comprehensive-Raw data are large and entangled, whereas classified data are comprehensive and easily manageable.

2. Quick Information- It is troublesome to pick up information from unclassified data. Information can be easily collected from the classified data.

3. Conclusions - Classification facilitates comparisons and helps in drawing fast conclusions or inferences.

4. Saves Time and Energy- Classified data not only save our time but also our energy, which would otherwise be utilised in searching for an entire lot of things.

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Organisation of Data - Frequency Distribution
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Chapter 3: Organisation of Data - Exercise [Page 38]

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NCERT Statistics for Economics [English]
Chapter 3 Organisation of Data
Exercise | Q 8. | Page 38
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