Answer to Question #79580 in Finance for Like Heron

Question

Describe the process of collating, coding, and classifying data in preparation for processing.

Answer 1

Collecting data, the method of converting raw data into meaningful statement; includes data processing, data analysis, and data interpretation and presentation. Data reduction or processing mainly involves various manipulations necessary for preparing the data for analysis. This process could be manual or electronic. It involves editing, categorizing the open-ended questions, coding, computerization and preparation of tables and diagrams.
This analysis is used to maintain control over a business.


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https://mass-communication-tutorials.blogspot.com/2009/11/processing-of-data-editing-coding.html
https://www.slideshare.net/gondaliyamehul/data-preparation-and-processing