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Statistical tools for data analysis ppt
Statistical tools for data analysis ppt




Discrimination is measured with the help of audit studies or decomposition methods.

statistical tools for data analysis ppt

Measures like segregation, discrimination, and inequality are studied using specialised descriptive techniques. These hypotheses often highlight differences among subgroups. In Data aggregation, data is first collected and then sorted in order to make the datasets more manageable.ĭescriptive techniques often include constructing tables of quantiles and means, methods of dispersion such as variance or standard deviation, and cross-tabulations or "crosstabs" that can be used to carry out many disparate hypotheses. It gives you a conclusion of the distribution of your data, helps you detect typos and outliers, and enables you to identify similarities among variables, thus making you ready for conducting further statistical analyses.ĭata aggregation and data mining are two techniques used in descriptive analysis to churn out historical data. It is one of the most important steps for conducting statistical data analysis. The conversion of raw data into a form that will make it easy to understand & interpret, ie., rearranging, ordering, and manipulating data to provide insightful information about the provided data.ĭescriptive Analysis is the type of analysis of data that helps describe, show or summarize data points in a constructive way such that patterns might emerge that fulfill every condition of the data. This data needs to be analysed to provide great insights and influential trends that allows the next batch of content to be made in accordance to the general population’s liking or dis-liking.

statistical tools for data analysis ppt

One of the techniques to analyse this data is Descriptive Analysis. They tend to become extensively researched and this makes this data to be processed and studied with scrutiny. Nowadays, Big Data and Data Science have become high volume keywords.






Statistical tools for data analysis ppt