KINDS OF DATA IN BUSINESS STATISTICS

  Introduction   Data types are important concepts in statistics, they enable us to apply statistical measurements correctly on data and assist in correctly concluding certain assumptions about it.   ISS coaching in Jaipur will introduce you to the different data types which is significantly essential for doing Exploratory Data Analysis   or EDA since you can use certain factual measurements just for particular data types.    Similarly, you need to know which data analysis and its type you are working to select the correct perception technique. You can consider data types as an approach to arrange various types of variables.    QUANTITATIVE DATA Quantitative data seems to be the easiest to explain. It answers key questions such as “how many, “how much” and “how often”. Quantitative data can be expressed as a number or can be quantified. Simply put, it can be measured by numerical variables. Quantitative...