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Question

Differentiate between individual, discrete and continuous series.


Solution

Difference between individual, discrete and continuous series is as follows.

Individual SeriesDiscrete SeriesContinuous SeriesIn individual series, there is onlyIn case of discrete series, there is frequencyIn case of continuous series, there is frequencyone frequency for each item.of more than one for each item.of more than one for each item.Individual series has one columnIn discrete there are two columns, one for frequencyIn continuous series also, there are two columnsand that is of observations.and second for variable. Variable is a number.as in discrete series but variable is in the form of a class.Values are given after aValues are given after aValues are in the form of groups.definite break.definite break. 


Economics

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