Commerce Exam > Commerce Videos > Statistics for Economics - Class XI > Sources - Collection of Primary and Secondary Data, Statistics for Economics
Sources - Collection of Primary and Secondary Data, Statistics for Economics Video Lecture | Statistics for Economics - Class XI - Commerce
|
51 videos|41 docs|12 tests
|
FAQs on Sources - Collection of Primary and Secondary Data, Statistics for Economics Video Lecture - Statistics for Economics - Class XI - Commerce
| 1. What is the difference between primary and secondary data? |  |
Primary data refers to data that is collected firsthand by the researcher specifically for the purpose of their research study. It is original and has not been previously collected or published. On the other hand, secondary data is data that has already been collected by someone else for another purpose. It is obtained from existing sources such as government reports, books, journal articles, or online databases.
| 2. What are some examples of primary data sources? | |
Primary data can be collected through various methods such as surveys, interviews, observations, experiments, or focus groups. Some examples of primary data sources include questionnaires, personal interviews, direct observations, experimental data, and audio or video recordings.
| 3. What are the advantages of using secondary data? | |
Using secondary data has several advantages. Firstly, it is often easily accessible and readily available, saving time and resources compared to collecting primary data. Secondly, it allows researchers to analyze long-term trends or compare data from different sources or time periods. Additionally, secondary data can provide a broader perspective as it may cover a larger population or geographic area.
| 4. What are the limitations of using secondary data? | |
Despite its advantages, secondary data also has some limitations. Firstly, the data may not perfectly fit the researcher's specific needs or research questions. Secondly, there may be concerns regarding the reliability and accuracy of the data, as it was collected for a different purpose. Additionally, some data sources may have limitations in terms of their scope, coverage, or depth of information.
| 5. How can statistics be used in economics? | |
Statistics play a crucial role in economics as they provide tools for data analysis, interpretation, and decision-making. In economics, statistics can be used to measure and analyze various economic variables such as GDP, inflation rates, employment rates, or consumer spending. They help economists understand economic trends, evaluate the impact of policies, forecast future economic conditions, and make informed decisions for businesses, governments, and individuals.
Related Exams
About this Video
|
1.2K Views |
|
4.80/5 Rating |
|
Nov 09, 2024 Last updated |
Video Description: Sources - Collection of Primary and Secondary Data, Statistics for Economics for Commerce 2024 is part of Statistics for Economics - Class XI preparation.
The notes and questions for Sources - Collection of Primary and Secondary Data, Statistics for Economics have been prepared according to the Commerce exam syllabus.
Information about Sources - Collection of Primary and Secondary Data, Statistics for Economics covers all important topics for Commerce 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Sources - Collection of Primary and Secondary Data, Statistics for Economics.
Introduction of Sources - Collection of Primary and Secondary Data, Statistics for Economics in English is available as part of our Statistics for Economics - Class XI for Commerce & Sources - Collection of Primary and Secondary Data, Statistics for Economics in
Hindi for Statistics for Economics - Class XI course. Download more important topics related with notes, lectures and mock test series for
Commerce Exam by signing up for free.
Description
Video Lecture & Questions for Sources - Collection of Primary and Secondary Data, Statistics for Economics Video Lecture | Statistics for Economics - Class XI - Commerce - Commerce full syllabus preparation | Free video for Commerce exam to prepare for Statistics for Economics - Class XI.
Information about Sources - Collection of Primary and Secondary Data, Statistics for Economics
Here you can find the meaning of Sources - Collection of Primary and Secondary Data, Statistics for Economics defined & explained in the simplest way possible.
Besides explaining types of Sources - Collection of Primary and Secondary Data, Statistics for Economics theory, EduRev gives you an ample number of questions to practice Sources - Collection of Primary and Secondary Data, Statistics for Economics tests,
examples and also practice Commerce tests.
|
51 videos|41 docs|12 tests
|
Video Timeline
|
Explore Courses for Commerce exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
MCQs
,Objective type Questions
,Previous Year Questions with Solutions
,Sources - Collection of Primary and Secondary Data
,Sources - Collection of Primary and Secondary Data
,Statistics for Economics Video Lecture | Statistics for Economics - Class XI - Commerce
,Statistics for Economics Video Lecture | Statistics for Economics - Class XI - Commerce
,Important questions
,Semester Notes
,Statistics for Economics Video Lecture | Statistics for Economics - Class XI - Commerce
,Exam
,Sources - Collection of Primary and Secondary Data
,ppt
,Sample Paper
,Summary
,shortcuts and tricks
,Viva Questions
,practice quizzes
,Extra Questions
,Free
,mock tests for examination
,past year papers
,video lectures
,study material
;
Study Sources - Collection of Primary and Secondary Data, Statistics for Economics on the App
Students of Commerce can study Sources - Collection of Primary and Secondary Data, Statistics for Economics alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Sources - Collection of Primary and Secondary Data, Statistics for Economics,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Sources - Collection of Primary and Secondary Data, Statistics for Economics is prepared as per the latest Commerce syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup