CBSE Class 11 Economics Chapter 1 Collection of Data
CBSE Class 11 Economics Chapter 1 Collection of Data
Revision Notes
Chapter – 2
COLLECTION OF DATA
Data is a collection of facts and measurement.
Data is a tool which helps in reaching a sound conclusion by providing
information therefore. For statistical investigation, collection of data is the
first and foremost.
Sources of Data
1. Primary Source
2. Secondary Sources
a. Published sources
b. Un-published sources
Primary Data– Data originally collected in the process of investigation
are known as primary data. This is original form of data which are
collected for the first time.It is collected directly from its source of origin.
Methods of collecting primary data
There are three basic ways of collecting data :
(i) Personal interview OR Direct Personal Investigation
(ii) Mailing (questionnaire surveys)
(iii) Telephone interviews
(iv) Indirect verbal investigation
(v) Information from local sources
(vi) Enumerator method
Secondary data It refers to collection of data by some agency, which
already collected the data and processed. The data thus collected is called
secondary data.
Point of difference between Primary and Secondary data :-
1. Accuracy,
2. Originality,
3. Cost,
4. Need of modification
BASIS FOR
PRIMARY DATA SECONDARY DATA
COMPARISON
Cost
Expensive Economical
effectiveness
Collection time Long Short
Accuracy and
More Relatively less
Reliability
Methods of sampling:
1. Random sampling
a. Simple or unrestricted random sampling
b. Restricted random sampling
i. Stratified
ii. systematic
iii. multistage or cluster sampling
2. Non-Random Sampling
a. Judgment sampling
b. Quota sampling
c. Convenience sampling
The data-collected by NSSO survey are released through reports and its
quarterly journal ‘’Sarvekshana’’.