Quick numerical economics | Episode 1

?Question of a data

What’s a data?
>> ANS: A Facts and Statistics collected together. (Oxford Dictionaries)
>> ANS: The Facts and Figures collected. (Statistics, Revised 12e)
What’s an interested data?
>> ANS: Call an interested data yourself as a data set.
What’s a component of data set?
>> ANS: A Component of data set is Element(is an entities on which data), Variable(is a characteristic of interest for the element), and Observation.

“Component of data set”

?Question of an observation

Scales of Measurement: Nominal-, Ordinal-, Interval-, and Ratio-Scale

Next: How to get an information from a data.
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