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Chapter 2 Collection of Data Short Notes

The document provides an overview of statistics for economics, focusing on the collection of data. It distinguishes between primary and secondary data, detailing their definitions, methods of collection, and differences. Additionally, it discusses sources of secondary data, precautions for its use, and the concepts of census versus sample surveys.

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hemantbudhwani454
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14 views2 pages

Chapter 2 Collection of Data Short Notes

The document provides an overview of statistics for economics, focusing on the collection of data. It distinguishes between primary and secondary data, detailing their definitions, methods of collection, and differences. Additionally, it discusses sources of secondary data, precautions for its use, and the concepts of census versus sample surveys.

Uploaded by

hemantbudhwani454
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Class 11 - Statistics for Economics

Chapter 1: Introduction (Short Notes - Based on VK Ohri | 2025-26)

Chapter 2: Collection of Data (Short Notes - Based on VK Ohri | 2025-26)

1. Introduction

- Data: Facts or figures collected for analysis.

- Types: Primary and Secondary Data

2. Primary Data

- Collected directly by investigator.

- Methods: Personal interview, Questionnaire, Telephone, etc.

- Example: Survey of students by teacher.

3. Secondary Data

- Collected by someone else, used by investigator.

- Sources: Govt publications, websites, newspapers.

- Example: Census data used in a report.

4. Differences between Primary and Secondary Data

| Primary Data | Secondary Data |

|--------------------------|----------------------------|

| First-hand, original | Already collected by others|

| Costly & time-consuming | Cheaper & quicker |

| More accurate | May be outdated/inaccurate |

5. Methods of Collecting Primary Data

- Personal Interview

- Indirect Oral Investigation

- Information from local agents

- Mailed questionnaire method

- Telephone method
Class 11 - Statistics for Economics

Chapter 1: Introduction (Short Notes - Based on VK Ohri | 2025-26)

6. Sources of Secondary Data

- Govt Publications (e.g. Economic Survey)

- Semi-Govt (e.g. State Boards)

- Private Sources (e.g. Newspapers)

- International Sources (e.g. World Bank, UN)

7. Precautions in Using Secondary Data

- Reliability of source

- Accuracy and relevance

- Date and coverage of data

8. Census vs Sample Survey

- Census: Data from every unit (e.g. population census)

- Sample: Data from selected units (e.g. survey on 100 families)

9. Schedules vs Questionnaires

- Schedule: Investigator fills form

- Questionnaire: Respondent fills form

10. Summary

- Data is key to statistics.

- Type and method of data collection depend on purpose and resource availability.

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