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Organizing, Visualizing and Describing Data

This document discusses organizing and visualizing data. It identifies two main types of data: numerical and categorical. Numerical data can be counted or measured, and includes discrete and continuous subtypes. Categorical data consists of labels used to classify data into groups, including nominal and ordinal subtypes. The document also distinguishes between time series data, which involves measurements over time, and cross-sectional data, which involves data collected at a single point in time.

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91 views

Organizing, Visualizing and Describing Data

This document discusses organizing and visualizing data. It identifies two main types of data: numerical and categorical. Numerical data can be counted or measured, and includes discrete and continuous subtypes. Categorical data consists of labels used to classify data into groups, including nominal and ordinal subtypes. The document also distinguishes between time series data, which involves measurements over time, and cross-sectional data, which involves data collected at a single point in time.

Uploaded by

alexa ubaldo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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2.

Organizing, Visualizing and Describing Data


Sunday, 2 January 2022 3:41 PM

Module 2.1 Organizing data

LOS 2.a: Identify and compare data types


• Data - encompasses information on any form
Ø Numerical vs categorical
Ø Time versus vs cross-sectional
Ø Structured vs unstructured
1. Numerical vs Categorical
Ø Numerical Data - can be counted/measured
i. Discrete data - countable (days, months, years,
hours…)
ii. Continuous data - any fractional value (annual
percentage return on an investment)
Ø Categorical data/qualitative data - consists of labels that
can be used to classify data into groups.
i. Nominal data - labels that cannot be placed in order
logically.
ii. Ordinal data - can be ranked
Key Distinction: Mathematical operations can be used on
numerical data
2. Time Series vs Cross-sectional data
Ø Time series -

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