Chapter 2 - Collection of data (Statistics - Economics)
Chapter 2 - Collection of data (Statistics - Economics)
What is statistics?
Collection of data
Primary source
Secondary source
Primary source of data means Secondary source of data means
collection of the data from its origin. collection of the data from a source
It offers firsthand quantitative that already possess the required
information. information.
The data obtained is related to the The data obtained is for some other
objective of the study, it does not study, and requires it to be adjusted
require to be adjusted. to suit the new obj.
Requires more time taking and Requires less time and effort and it’s
costlier. less expensive.
1) Personal Interviews:
a) Direct personal investigation
b) Indirect oral investigations
c) Information from the local sources
2) Information through Questionnaires/schedules:
a) Mailing and surveys
b) Enumerator’s method
Personal Interviews:
Demerits: -
Demerits: -
Demerits: -
Demerits: -
Demerits: -
Yes No
(2) Multiple choice type
Ex: Which is your favorite series?
a. Dark
b. Harry Potter
c. Judge from hell
d. Monster
Demerits: -
i. Biased
ii. Limited access – not everyone owns a telephone.
1) Published source:
(i) Government publications: the government in India publishes
information and statistics on various topics as a routine. This
information are reliable. Some publications are: Agricultural
statistics, poverty rate, GDP etc.
(ii) Semi-Gov. Publications: Government bodies like municipalities
and councils publish reports relating to education, health, birth
and death rates.
(iii) Reports by committees and commissions: They are also
appointed by the government and provides statistics on finance
commission, monopolies commission, planning commission etc.
(iv) International publication: International organizations such as
UNO, UNHRC, IMF and World Bank has provided numerous
statistics on the topics concerned.
(v) Journal and papers: Many newspaper companies such as
‘economics times’ and ‘commerce facts for you’ has provided
countless statistics in their report.
(vi) Research Institutions Scholars: Some individuals scholars
also publish their research containing some useful statistics.
2) Unpublished Sources:
These data are collected by the government and others, it is generally
used for self-use or office record. It is unpublished; however, it can be
used as secondary data.
1) When collecting data, one should make sure the data presented by the
individual/group is an expert or is knowledgeable in that field of
study.
2) Data acquired should be based on the matter of study/objective
of the investigation.
3) The method adopted for collection of data should match the
nature of investigation.
4) Make sure the data collected is of relevant time period. Ex: data
collected during war time may not be useful in peaceful times.
5) The investigator should make sure the unit of measurement is
accurate while acquiring data and also during presentation of this
data
6) Accuracy, there should be a certain level of accuracy in acquiring
wanted information if it lacks in any, the information as a whole should
be discarded.