Understanding Data Types and Units
Issued by
Federal Reserve Bank of St. Louis
Understanding what the data represent and how that concept is measured is important in order to use them correctly. Also, identifying and understanding the units of measurement and the methodologies employed to estimate and report statistical observations will help you select the data appropriate to your purposes.
- Type Learning
- Level Foundational
- Time Hours
- Cost Free
Standards
Information possesses several dimensions of value, including as a commodity, as a means of education, as a means to influence, and as a means of negotiating and understanding the world. Legal and socioeconomic interests influence information production and dissemination.