categorical data
Definition
Information organized into groups. For example, when a livestock business maintains categorical data about its animals, its information about groups of animals might be considered (1) qualitative data, such as a cow, (2) nominal data, such as Jersey cows, or (3) ordinal data, such as yearling cows.
Related Articles
- "Buy Strangle" Option Investment Strategy *
- The Importance of Finding a Financial Advisor That You Can Trust *
- Creating the Family Budget *
- Disadvantages of Mutual Funds *
- Less Popular Types of Mutual Funds - Part 1 *
- Types of Stock Mutual Funds *
- Are student loans a good idea? *
- Explanation of the Income Statement *
Related Videos
http://www.businessdictionary.com/definition/categorical-data.html


