What is the meaning of Classification? Give objectives of Classification and essentials of an ideal classification.

4 years ago
Business Statistics

Classification is the process of arranging data into various groups, classes and sub-classes according to some common characteristics of separating them into different but related parts.

Main objectives of Classification :-

  • To make the data easy and precise
  • To facilitate comparison
  • Classified facts expose the cause-effect
  • To arrange the data in proper and systematic way
  • The data can be presented in a proper tabular form

Essentials of an Ideal Classification :-

  • Classification should be so exhaustive and complete that every individual unit is included in one or the other
  • Classification should be suitable according to the objectives of
  • There should be stability in the basis of classification so that comparison can be
  • The facts should be arranged in proper and systematic
  • Data should be classified according to
  • It should be arithmetically
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Surya Bikram Bhandari
Surya Bikram Bhandari
Nov 12, 2021
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