Question

What are the three criteria of comparative data? Why are they significant? Provide one example of how you can use comparative data.

Answer 1

Question: What are the three criteria of comparative data? Why are they significant? Provide one example of how you can use comparative data.

Ans.: Three Basic Criteria of Comparative Data are mainly Security, Mobility & Cost for facilitating conditions thereof.These criteria are having signifacant imprtance for one Analyst/Analyst's. In isolation, none of the data give significance results unless these data are used with comparison or say Comparative Data. Inhouse data can give primary details only and unless it is compared with others, these cant give big insight, big output to take an investment decisions to outsiders. By this way, comparative data provides essential insight into a Corporation's main strengths, weaknesses and also opportunities for improvement with the said Organisation.

Example: One Organisation or Corporation is given A++ Rating, based on our different criteria, while the highest is A++++ and the inferior ratings are A+. A. B++, B+. B & C lastly. In isolation if we see, it looks that Coporation is quite strong, in fact it may be comparatively high on some measures, more average on others, and low on yet others. In fact, on a number of measures we must compare the data for their proper use. From various measures we need to analyse & compare the data with detailed analysis.