Statistical Analysis

Quantitative Analysis

Quantitative analysis is a systematic approach to understanding data using mathematical and statistical methods. It focuses on numerical data to identify patterns, trends, and relationships. Key Characteristics / Core Concepts Numerical Data: Relies heavily on measurable data, such as numbers and figures. Statistical Methods: Employs techniques like regression analysis, hypothesis testing, and probability distributions. Mathematical … Read more

Data Analysis

Data analysis is the process of inspecting, cleansing, transforming, and modeling data with the goal of discovering useful information, informing conclusions, and supporting decision-making. It involves applying various techniques to understand patterns, trends, and relationships within datasets, ultimately extracting valuable insights. Key Characteristics / Core Concepts Data Collection: Gathering raw data from various sources. Data … Read more