GRAPHS IN ECONOMICS — Economics STD 12 Commerce — Question
Gujarat BoardEnglish MediumSTD 12 CommerceEconomicsGRAPHS IN ECONOMICS3 Marks
Question
What are storage tools? How do they help in preserving data? Also, state the various means to store data.
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Answer
Other tools:
Microsoft Excel cannot handle very large amount of data. For this purpose there are various statistical software available which are highly advanced, sophisticated and can handle any size of data.
$\text{SPSS, SHAZAM, E-views, SAS,}$ etc. are few of the such statistical software.
This software can process data for lakhs of observations that too within seconds or minutes.
Since these statistical software are very costly, they are mostly bought by research institutes or government organizations.
There are also certain statistical software like Gretl, $\text{PSPP, R,}$ etc. which are available free of cost on the internet but does almost same tasks of analysis as done by the costly software.
Now-a-days many of these functions of a computer are also available on smart phones and tablets.
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