Chronological Classification Definition
When data is classified with reference to time such as years, quarters, months, or weeks, it is called:
- Spatial Classification
- Qualitative Classification
- Chronological Classification — Correct Answer
- Quantitative Classification
Explanation:
Correct Answer Explanation
When data is classified according to time (years, quarters, months, weeks), it is called Chronological Classification.
Key Points:
- In chronological classification, data are arranged in ascending or descending order with reference to time.
- A variable that depicts a series of values for different time periods is called a Time Series.
- Example: Population of India classified year-wise (1951, 1961, 1971… 2011) is a classic time series.
- Used extensively in economic analysis — GDP growth, inflation rates, export data over years.
Four Types of Classification:
- Chronological — by time
- Spatial — by geography
- Qualitative — by attributes
- Quantitative — by measurable characteristics
📚 About this Topic — CH-3: Organisation of Data
This multiple choice question is from CH-3: Organisation of Data, NCERT Books, Statistics for Economics. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-3: Organisation of Data to strengthen your preparation.
