![]() ![]() What are the types of Statistical Data AnalysisĤ steps process of Statistical Data Analysisīeing a branch of science, Statistics incorporates data acquisition, data interpretation, and data validation, and statistical data analysis is the approach of conducting various statistical operations, i.e. Significance of data in Statistical Data Analysis Moving discussion a step further, we shall discuss “Statistics is the specific branch of science from where the professionalists bring distinct conclusion/interference under the same data” From delving into the overpowering quantity of data to precisely interpret its complexity in order to provide insights for intense progress to organizations and businesses, all sorts of data and information is exploited at their entirety and this is where statistical data analysis has a significant part. In the information era, data is no protracted scarce, on the other hand, it is irresistible. “The number of people who think they understand statistics dangerously dwarfs those who actually do, and maths can cause fundamental problems when badly used.”― Rory Sutherland
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