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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.
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Term: Primary Data
Definition: Information collected firsthand by the researcher for the specific purpose of the study.
Term: Secondary Data
Definition: Data that has been collected and processed by someone else and is used by a researcher for analysis.
Term: Census
Definition: A comprehensive collection of data on all individuals or units in a population, typically conducted every ten years.
Term: Sample
Definition: A subset of the population selected for analysis, which should represent the larger group.
Term: Sampling Error
Definition: The error that arises when a sample estimate deviates from the actual population parameter.
Term: NonSampling Errors
Definition: Errors that occur not related to the sampling process, often arising from data collection methods or data recording.