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Data mining is a particular data analysis technique that focuses on statistical modeling and knowledge discovery for predictive rather than purely descriptive purposes, while business intelligence covers data analysis that relies heavily on aggregation, focusing mainly on business information. [4]
Overabundance of already collected data became an issue only in the "Big Data" era, and the reasons to use undersampling are mainly practical and related to resource costs. Specifically, while one needs a suitably large sample size to draw valid statistical conclusions, the data must be cleaned before it can be used. Cleansing typically ...
The sample size is an important feature of any empirical study in which the goal is to make inferences about a population from a sample. In practice, the sample size used in a study is usually determined based on the cost, time, or convenience of collecting the data, and the need for it to offer sufficient statistical power. In complex studies ...
Quantitative research using statistical methods starts with the collection of data, based on the hypothesis or theory. Usually a big sample of data is collected – this would require verification, validation and recording before the analysis can take place. Software packages such as SPSS and R are typically used for this purpose. Causal ...
Accurate analysis of data using standardized statistical methods in scientific studies is critical to determining the validity of empirical research. Statistical formulas such as regression, uncertainty coefficient, t-test, chi square, and various types of ANOVA (analyses of variance) are fundamental to forming logical, valid conclusions.
A bootstrap creates numerous simulated samples by randomly resampling (with replacement) the original, combined sample data, assuming the null hypothesis is correct. The bootstrap is very versatile as it is distribution-free and it does not rely on restrictive parametric assumptions, but rather on empirical approximate methods with asymptotic ...
The small N problem arises when the number of units of analysis (e.g. countries) available is inherently limited. For example: a study where countries are the unit of analysis is limited in that are only a limited number of countries in the world (less than 200), less than necessary for some (probabilistic) statistical techniques.
The design of a study defines the study type (descriptive, correlational, semi-experimental, experimental, review, meta-analytic) and sub-type (e.g., descriptive-longitudinal case study), research problem, hypotheses, independent and dependent variables, experimental design, and, if applicable, data collection methods and a statistical analysis ...