Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Economics Quantitative Methods > What Is Data? > Flashcards

What Is Data? Flashcards

1
Q

What is qualitative data?

A
  • non numerical data
  • referred to as categorical data or attribute data (gender, religion or occupation)
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

What is nominal qualitative data?

A

Categorised data which is not ranked eg. Gender

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

What is nominal qualitative data?

A

Categorised data which is not ranked eg. Gender

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

What is ordinal qualitative data?

A

Qualitative data which has a underlying sequence eg. Good, very good, excellent

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

What is quantitive data?

A

Consists of numbers, counts or measurement eg. Salaries

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

What is discrete quantitive data?

A

A finite number of possible values eg. Number of eggs laid by a chicken

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

What is continuous quantitative data?

A

Infinite possible values eg. Monthly salary

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

What is cross section data?

A

Quantitative data taken at a point in time eg. Average a level points for schools in 2024

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

What is cross section data?

A

Quantitative data taken at a point in time eg. Average a level points for schools in 2024

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

What is time series data?

A

Quantitative data collected over a period of time eg. Inflation rate in the Uk from 2020 to 2024

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

What is panel data?

A

Observations of the same group of individuals over time eg. The prime minister’s salary between 2020-2024

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

What is panel data?

A

Observations of the same group of individuals over time eg. The prime minister’s salary between 2020-2024

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

What is population?

A

A collection of all elements to be studied

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

What is population?

A

A collection of all elements to be studied

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

What is a sample?

A

A subsection of elements drawn from the population

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

What are sample statistics?

A

A numerical measurement describing some characteristics of a sample

17
Q

What is a population parameter?

A

A numerical measurement describing some characteristic of the population

Economics Quantitative Methods (2 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions