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ECON 4950 - Introductory Econometrics: Home

Data vs. Statistics

Data set: A general term for observations and measurements collected during any type of scientific investigation.
Everitt, B. S., and Skrondal, A.. Cambridge Dictionary of Statistics (4th Edition). Cambridge, GBR: Cambridge University Press, 2006. ProQuest ebrary. Web. 21 August 2015.

      Example: F = 1, FREQ = 17957; M = 2, FREQ = 11747; NR = 3, FREQ = 198

Statistic: A numerical characteristic of a sample. For example, the sample mean and sample variance.
Everitt, B. S., and Skrondal, A.. Cambridge Dictionary of Statistics (4th Edition). Cambridge, GBR: Cambridge University Press, 2006. ProQuest ebrary. Web. 21 August 2015.

      Example: The GSU enrollment by sex for the Spring 2011 semester is 17,957 (60.05%) females, and 11,747 (39.28%) males, with 198 (.66%) not reporting.

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