Understanding Analytics and Statistics: Key Concepts and Definitions
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Analytics and Statistics: Key Concepts
Analytics: the scientific process of transforming data into insight for making better decisions. Population: the set of all elements of interest in a particular study. Sample: a subset of the population. Data: the facts and figures collected, analyzed, and summarized for presentation and interpretation. Cross-sectional data: data collected at the same or approximately the same point in time. Statistics: the art and science of collecting, analyzing, presenting and interpreting data. Variable: a characteristic of interest for the elements. Data set: all the data collected in a particular study. Elements: the entities on which data are collected.
Data Summary
1. Cumulative Frequency Distribution: a tabular summary... Continue reading "Understanding Analytics and Statistics: Key Concepts and Definitions" »