what kind of problems and anomalies you find in the collection of data (e.g., missing values,...

Question

Question

what kind of problems and anomalies you find in the collection of data (e.g., missing values, outliers, and other biases).?

business accounting

Answer 1

Answer #1

Following are the anomalies/problems in collection of data:

1) The data collected or information may be incomplete or inaccurate.

2) Insufficient financing is also a problem in data collection. Insufficiency of funds will also effect the quality of data collected.

3) Inappropriate timing will lead to poor collection of data because quality of data depends on different seasons.

4) Collecting data is methodological process that uses wide range of data sources and techniques.

5) Wrong investigation methods will lead to collection of inaccurate data.

6) Lack of qualified personnel is also an issue because collection of data requires implementation of professional skills.

Answer 2

Similar Homework Help Questions

in Spss how do i calculate the mean excluding missing cases? e.g missing cases under values...

in Spss how do i calculate the mean excluding missing cases? e.g missing cases under values 77, 78 & 78 Do I need to create new data list excluding missing cases?
Q2: Suppose that a collection of data was given to you in order to provide an...

Q2: Suppose that a collection of data was given to you in order to provide an initial analysis. However, you noticed that the data given includes the attribute age. The age values for the data tuples are listed in an ascending order as follows: Q2: Suppose that a collection of data was given to you in order to provide an initial analysis. However, you noticed that the data given includes the attribute age. The age values for the data tuples...
You have just completed your data collection process and entered the data into SPSS/Excel. The following...

You have just completed your data collection process and entered the data into SPSS/Excel. The following table has been generated from the data inputted. Please answer the following questions: What kind of data is represented in this table? (qualitative versus quantitative) What diagram is best suited to represent this data? Why? Please produce the diagram recommended in q2 (using SPSS/Excel). What conclusions can be drawn from analysing and interpreting this data? How would you explain the missing data? Now that...

After performing anomaly detection, data miner A wants to find clusters of outliers. Data miner B claims that this does not make any sense and suggests that A re-read the definition of an anomaly. Do...

After performing anomaly detection, data miner A wants to find clusters of outliers. Data miner B claims that this does not make any sense and suggests that A re-read the definition of an anomaly. Do you think it is meaningful to cluster anomalies? Explain.
An analyst at your firm and you are discussing missing data. What might you suggest as...

An analyst at your firm and you are discussing missing data. What might you suggest as an appropriate strategy for dealing with larger quantities of missing data? a. Start the study again, taking more care with data recording. b. Define missing values using the ‘recode’ function. c. Go back to the participant and demand an answer. d. Ignore them.
4.) Describe what is meant by the term “missing value”. The user-defined values that indicate data...

4.) Describe what is meant by the term “missing value”. The user-defined values that indicate data are missing for a variable 5.) Describe the difference between wide format and long format data in SPSS. 6.) Describe what is meant by the term “syntax” in SPSS. Here you can see the Frequencies command, which specifies which variables you want to analyses

Belove you can find explanation for the dataset; what kind of data it is. The question...

Belove you can find explanation for the dataset; what kind of data it is. The question is to figure out an research question for econometrics course. E.g. what is the erlationship between the two variables The Below datat tells the price of a service or a good and the quantity of supply for that good or service at a particular time. It states that the price of a good or service is considered from different month to a nother month,...
find the missing values (i-vi) in the table. 6. You have been provided with the following...

find the missing values (i-vi) in the table. 6. You have been provided with the following data on three firms and the market: 6.4 Pim [i] 0.90 1.10 Security Firm A Firm B Firm C The Market The risk-free asset σι 0.12 ii] 0.24 0.10 0.01 0.4 0.75 [iv] 0 v] [vi]
1. What Kingdoms would you expect to find in the Domain Eukarya? What kind of organisms...

1. What Kingdoms would you expect to find in the Domain Eukarya? What kind of organisms can be found in each of these kingdoms? 2.What major physiological/anatomical characteristic divides sponges from all other animals in the animal kingdom?

evaluate the data collection tool. test to see what result you see. for example is the...

evaluate the data collection tool. test to see what result you see. for example is the form toi detailed? not detailed enogh? what are your throught on the data collection tool?