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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. [1] Data analysis has multiple facets and approaches, encompassing diverse techniques under a variety of names, and is used in different business, science ...
Statistics (from German: Statistik, orig. "description of a state, a country" [1]) is the discipline that concerns the collection, organization, analysis, interpretation, and presentation of data. [2]
Tukey defined data analysis in 1961 as: "Procedures for analyzing data, techniques for interpreting the results of such procedures, ways of planning the gathering of data to make its analysis easier, more precise or more accurate, and all the machinery and results of (mathematical) statistics which apply to analyzing data." [3] Exploratory data ...
Analytics is the systematic computational analysis of data or statistics. [1] It is used for the discovery, interpretation, and communication of meaningful patterns in data, which also falls under and directly relates to the umbrella term, data science. [2] Analytics also entails applying data patterns toward effective decision-making.
Data analysis is a systematic method of cleaning, transforming and modelling statistical or logical techniques to describe and evaluate data. [44] Using data analysis as an analytical skill means being able to examine large volumes of data and then identifying trends within the data.
Let the null hypothesis be given as a set of distributions for data .Usually = (, …,) with each a single outcome and a fixed sample size or some stopping time. We shall refer to such , which represent the full sequence of outcomes of a statistical experiment, as a sample or batch of outcomes.
These summaries may either form the basis of the initial description of the data as part of a more extensive statistical analysis, or they may be sufficient in and of themselves for a particular investigation. For example, the shooting percentage in basketball is a descriptive statistic that summarizes the performance of a player or a team ...
As statistics and data sets have become more complex, [a] [b] questions have arisen regarding the validity of models and the inferences drawn from them. There is a wide range of conflicting opinions on modelling. Models can be based on scientific theory or ad hoc data analysis, each employing different methods. Advocates exist for each approach ...