Overview
Data analysis techniques are essential for extracting meaningful insights from data. They encompass various methods, including descriptive, inferential, and predictive analysis, each serving a unique purpose in understanding and interpreting data. By employing these techniques, researchers and analy...
Key Terms
Example: The average score of students in a class is a descriptive statistic.
Example: Using a sample of voters to predict election outcomes.
Example: Predicting sales based on advertising spend.
Example: Testing if a new drug is more effective than the current one.
Example: A p-value of 0.05 indicates a 5% chance of observing the data if the null hypothesis is true.
Example: Removing duplicate entries from a customer database.