Question

what is raw data? economic question​

Answer 1

Raw Data

Raw data is the unorganized data when we’re done with the collection stage. This is because it is similar to a lump of clay with no identity and also of no practical use. Definitely, we need to organize this raw data. It is important to realize that organized data facilitates comparison and meaningful conclusions.

Further, to organize the data we need to look for similarities or group the data. In this way, we effectively convert heterogeneous data into homogeneous data. To do so, an investigator has to classify the data in the form of a series

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Answer 2

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Raw data, also known as primary data, is data (e.g., numbers, instrument readings, figures, etc.) collected from a source.