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2. Collection of Data
The chapter elaborates on the collection of data, highlighting the significance of data collection methods, distinguishing between primary and secondary data, and the techniques of sampling. It delves into the different modes of data collection, including surveys, and emphasizes the role of census and sample surveys in accumulating statistical data for various analyses in economics.
Sections
This section covers the sources and modes of data collection, distinguishing between primary and secondary data.
Data is vital for providing insights and forming sound conclusions.
Understanding primary and secondary data is crucial for effective data collection.
Surveys can be conducted through different methods such as personal interviews, mailing questionnaires, and telephone interviews.
Primary Data
Information collected firsthand by the researcher for the specific purpose of the study.
Secondary Data
Data that has been collected and processed by someone else and is used by a researcher for analysis.
Census
A comprehensive collection of data on all individuals or units in a population, typically conducted every ten years.
Sample
A subset of the population selected for analysis, which should represent the larger group.
Sampling Error
The error that arises when a sample estimate deviates from the actual population parameter.
NonSampling Errors
Errors that occur not related to the sampling process, often arising from data collection methods or data recording.
Practice Exercises
Total Questions
5
Estimated Time
10 min
Passing Score
70%
Instructions
- Read each question carefully
- You can use hints if you need help
- Complete all questions before submitting