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Standardization Of Economic Activity Classifications In Europe
The object of the statistics is to provide information in a clear and usually aggregated form to provide a good summary of the underlying population data. Therefore, one of the basic requirements for statistical work is the existence of a recognized system for classifying the available statistical data, so that they can be usefully presented and analyzed. Such binding system are called classifications.
Introduction To UK Standard Industrial Classification (UK SIC) 2007
A Standard Induѕtriаl Clаѕѕifiсаtiоn (SIC) wаѕ firѕt intrоduсеd intо thе Unitеd Kingdоm in 1948 fоr uѕе in сlаѕѕifуing buѕinеѕѕ еѕtаbliѕhmеntѕ аnd оthеr ѕtаtiѕtiсаl unitѕ by thе type оf economic асtivitу in whiсh thеу аrе еngаgеd. The сlаѕѕifiсаtiоn рrоvidеѕ a frаmеwоrk fоr thе соllесtiоn, tаbulаtiоn, рrеѕеntаtiоn аnd аnаlуѕiѕ оf dаtа аnd itѕ uѕе рrоmоtеѕ unifоrmitу. In addition, it саn bе used fоr аdminiѕtrаtivе рurроѕеѕ аnd bу non-government bоdiеѕ аѕ a соnvеniеnt wау оf сlаѕѕifуing industrial activities intо a common ѕtruсturе.
Industrial And Economic Activity Classification Systems
There are a number of classification schemes used around the world by countries and regions to allow for better data collection and statistical analysis of the industries working within their economies.
International Standard Industrial Classification System
In the early years of the 20th Century, most of the modern business data reporting agencies were an absolute mess. Companies would report lots of valuable data and other statistics, but because there was no way to organize everything, most of the time the data reporting was very unstructured and generally all over the place. As a result, a system of coded identifiers were eventually developed, known as Standard Industrial Classification.
A Brief Guide About NAICS (North American Industry Classification System)
NAICS or the North American Industry Classification System is a standard used in Canada, the United States and Mexico. The standard is used by all federal agencies working on statistical analyses pertaining to the business economy across North America.