Collection Section : - 1 B.tech CSE Group : - 13 Ram Ashish Verma - 19SCSE1010207 Priya Yadav -19SCSE10100014 Imran Nazir – 19SCSE1010757 What is Data ? • In Statistics, the data are the individual pieces of factual information recorded, and it is used for the purpose of the analysis process. • The two processes of data analysis are interpretation and presentation. • Statistics are the result of data analysis. Continued… • Data classification and data handling are an important process as it involves a multitude of tags and labels to define the data, its integrity and confidentiality. Types Of Data What is Qualitative Data? • Qualitative data, also known as the categorial data, describes the data that fits into the categories. • Qualitative data are not numerical. The categorical information involves categorical variables that describe the features such as a person’s gender, home town etc. • Categorical measures are defined in terms of natural language specifications, but not in terms of numbers. Continued… • Sometimes categorical data can hold numerical values (quantitative value), but those values do not have mathematical sense. • Examples of the categorical data are birthdate, favourite sport, school postcode. • Here, the birthdate and school postcode hold the quantitative value, but it does not give numerical meaning. What is Nominal Data? • Nominal data is one of the types of qualitative information which helps to label the variables without providing the numerical value. • Nominal data is also called the nominal scale. It cannot be ordered and measured. But sometimes, the data can be qualitative and quantitative. • Examples of nominal data are letters, symbols, words, gender etc. Continued… • The nominal data are examined using the grouping method. • In this method, the data are grouped into categories, and then the frequency or the percentage of the data can be calculated. • These data are visually represented using the pie charts. What are Original Data ? • Ordinal data/variable is a type of data which follows a natural order. • The significant feature of the nominal data is that the difference between the data values is not determined. • This variable is mostly found in surveys, finance, economics, questionnaires, and so on. Continued… • The ordinal data is commonly represented using a bar chart. • These data are investigated and interpreted through many visualization tools. • The information may be expressed using tables in which each row in the table shows the distinct category. What is Quantitative Data? • Quantitative data is also known as numerical data which represents the numerical value (i.e., how much, how often, how many). • Numerical data gives information about the quantities of a specific thing. • Some examples of numerical data are height, length, size, weight, and so on. Continued… • The quantitative data can be classified into two different types based on the data set. • The two different classifications of numerical data are 1. Discrete Data 2. Continuous Data What is Discrete Data ? • Discrete data can take only discrete values. Discrete information contains only a finite number of possible values. Those values cannot be subdivided meaningfully. Here, things can be counted in the whole numbers. • Example: Number of students in the class What is Continuous Data? • Continuous data is data that can be calculated. It has an infinite number of probable values that can be selected within a given specific range. • Example: Temperature range What is Data Collection ? • data collection is the process of gathering, measuring, and analyzing accurate data from a variety of relevant sources to find answers to research problems, answer questions, evaluate outcomes, and forecast trends and probabilities. • There mainly two methods of Data Collection: • Primary Data Collection • Secondary Data Collection What is Primary Data Collection ? • As the name implies, this is original, first-hand data collected by the data researchers. • This process is the initial information gathering step, performed before anyone carries out any further or related research. • Primary data results are highly accurate provided the researcher collects the information. • However, there’s a downside, as first-hand research is potentially time-consuming and expensive. Continued… The primary data collection method are of various types : 1. Interviews Collection Method: The researcher asks questions of a large sampling of people, either by direct interviews or means of mass communication such as by phone or mail. This method is by far the most common means of data gathering. 2. Projective Collection Technique: Projective data gathering is an indirect interview, used when potential respondents know why they're being asked questions and hesitate to answer. For instance, someone may be reluctant to answer questions about their phone service if a cell phone carrier representative poses the questions. With projective data gathering, the interviewees get an incomplete question, and they must fill in the rest, using their opinions, feelings, and attitudes. Continued… 1. Delphi Collection Technique: The Oracle at Delphi, according to Greek mythology, was the high priestess of Apollo’s temple, who gave advice, prophecies, and counsel. In the realm of data collection, researchers use the Delphi technique by gathering information from a panel of experts. Each expert answers questions in their field of specialty, and the replies are consolidated into a single opinion. 2. Focus Groups: Focus groups, like interviews, are a commonly used technique. The group consists of anywhere from a half-dozen to a dozen people, led by a moderator, brought together to discuss the issue. Continued… • Focus Groups: Focus groups, like interviews, are a commonly used technique. The group consists of anywhere from a half-dozen to a dozen people, led by a moderator, brought together to discuss the issue. What is Secondary Data ? • Secondary data is second-hand data collected by other parties and already having undergone statistical analysis. • This data is either information that the researcher has tasked other people to collect or information the researcher has looked up. Simply put, it’s second-hand information. • Although it’s easier and cheaper to obtain than primary information, secondary information raises concerns regarding accuracy and authenticity. Quantitative data makes up a majority of secondary data. Continued… • Unlike primary data collection, there are no specific collection methods. • Instead, since the information has already been collected, the researcher consults various data sources, such as: • Financial Statements • Sales Reports • Retailer/Distributor/Deal Feedback • Customer Personal Information (e.g., name, address, age, contact info) • Business Journals • Government Records (e.g., census, tax records, Social Security info)Trade/Business Magazines • The internet