Essential Reading: Statistical Data Types: All You Need to Know

Article: “Statistical Data Types: All You Need to Know” By Turing.com

Introductory text: Knowledge of different types of data is imperative before diving into statistics. This reading gives a brief introduction to the fundamentals of types of data used in statistical analysis.

Link: https://www.turing.com/kb/statistical-data-types

Recommended Reading: Types of Data & Measurement Scales: Nominal, Ordinal, Interval and Ratio

Article: “Types of Data & Measurement Scales: Nominal, Ordinal, Interval and Ratio” by Market Research Guy, 28 Dec 2021.

Link: https://www.mymarketresearchmethods.com/types-of-data-nominal-ordinal-interval-ratio/

Recommended Reading: Types of Data

Book: Anderson, David R., Dennis J. Sweeney, and Thomas A. Williams. 2011. Statistics for Business & Economics. 11th ed. South-Western Cengage Learning. Chapters 1 and 3

Note: Please purchase this book and refer to Chapters 1 and 3 to gain a better understanding of the concepts taught in this module.

Chapter 1 of the book shows how statistics is an integral part of business and economics, and data, in turn, is an integral part of statistics. Understanding types of data and their application is a crucial part of this course, and this reading will help you with that. Chapter 3 of the book will help you summarize data in terms of numerical values. Basic concepts of statistics, such as mean, median, mode, range, variance, standard deviation, and variation, have been introduced here to help you understand how to measure and analyze data.

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