Economics · Ch 14 — Presentation of Data
Temporal Classification
14.3.3
Temporal Classification
Temporal classification uses time as the classifying variable, so the data are grouped according to when they occur. The time unit may be an hour, a day, a week, a month or a year.
For example, the yearly sales of a tea shop recorded for each year from 1995 to 2000 form a temporal classification: the classifying characteristic (sales) is arranged along a scale of time, one figure per year. Such classification is what makes it possible to study how a quantity changes over successive periods.
Table 4.3Yearly sales of a tea shop from 1995 to 2000
| Year | Sale (Rs in lakhs) |
|---|---|
| 1995 | 79.2 |
| 1996 | 81.3 |
| 1997 | 82.4 |
| 1998 | 80.5 |
| 1999 | 100.2 |
| 2000 | 91.2 |
Think About It
Activity …