EDA Flashcards
Result from making observations either on a single variable or simultaneously on two or more variables
Data
Types of data
Primary data
Secondary data
Categorical data
Contonuous data
Collected fresh and for the first time and thus happen to be original in character
Primary data
Data which have been collected by someone else and which already have been passed through a statistical analysis
Secondary data
Is a variable type with two or more categories, take on one of a limited number of possible values
Categorical data
Data that can be measured on an infinite scale
Continuous data
Process of gathering and measuring information on targeted variables in an established system, which then enables one to answer relevant questions and evaluate outcomes
Data collection
Process of using diverse analytical methods to review data and arrive at relevant conclusions
Data interpretation
Process of inspecting, cleansing, transforming, and modeling data with the goal of discovering useful information, informing conclusions, and supporting decision-making
Data analysis
Steps of Data Analysis
Defining the question
Collecting the data
Cleaning the data
Analyzing the data
Sharing your results
Embracing failure
Summary
Methods of Data collection
Population
Sample
Entire collection of individuals or objects about which information is desired is called the of interest
Population
A subset of the population, selected for study in some prescribed manner
Sample
Steps in data gathering
Measurement
Representation
Statistical tools to analyze data
Data gathering under measurement
Construct
Measurement
Response
Edited response
Data gathering under Representation
Target population
Sampling frame
Sample/respondents
Post-survey adjustments
Data gathering under statistical tools to analyze data
Statistical tests
Some advance modeling techniques
Some bias reduction techniques
Regression
Discrete choice
Three Major Methods of Data Collection
Mail
Telephone
Face to face survey
Types of Questionnaire Survey
Stated preference survey
Revealed preference survey
types of of stated choice experiment
Conjoint analysis
Contingent valuation method
Typically asking participants to choose one alternative from a set of hypothetical alternatives where attributes of alternatives are set by researcher
Conjoint analysis
Typically asking participants to answer (monetary) value of some public (non-market) good.
Contingent valuation method
The group of elements for which the survey investigator wants to make inferences by using the sample statistics
Target population
Lists/procedures intended to identify all elements of a target population or a set of units who are potentially selected as respondents
Sampling frame
Sample selected from a sampling frame
Sample