Solved: Describe the successive loss of information as the, Econometrics

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Describe the successive loss of information as the

You have data from a corporation o the annual salary of each of its 200 employees.

a. Illustrate how the data can be presented as ratio, interval, ordinal and nominal data.

b. Describe the successive loss of information as the presentation changed from ratio to nominal.

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Econometrics: Describe the successive loss of information as the

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