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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 is a mathematical body of science that pertains to the collection, analysis, interpretation or explanation, and presentation of data, [8] or as a branch of mathematics. [9] Some consider statistics to be a distinct mathematical science rather than a branch of mathematics. While many scientific investigations make use of data ...
t. e. Statistical inference is the process of using data analysis to infer properties of an underlying distribution of probability. [1] Inferential statistical analysis infers properties of a population, for example by testing hypotheses and deriving estimates. It is assumed that the observed data set is sampled from a larger population.
e. In statistics, exploratory data analysis (EDA) is an approach of analyzing data sets to summarize their main characteristics, often using statistical graphics and other data visualization methods. A statistical model can be used or not, but primarily EDA is for seeing what the data can tell us beyond the formal modeling and thereby contrasts ...
Regression Analysis of Time Series (RATS) – comprehensive econometric analysis package. Rguroo Statistical Software - An online statistical software designed for teaching and analyzing data. S-PLUS – general statistics package. SAS (software) – comprehensive statistical package.
Statistical classification. When classification is performed by a computer, statistical methods are normally used to develop the algorithm. Often, the individual observations are analyzed into a set of quantifiable properties, known variously as explanatory variables or features. These properties may variously be categorical (e.g.
Multivariate statistics. Multivariate statistics is a subdivision of statistics encompassing the simultaneous observation and analysis of more than one outcome variable, i.e., multivariate random variables. Multivariate statistics concerns understanding the different aims and background of each of the different forms of multivariate analysis ...
A statistical model is a mathematical model that embodies a set of statistical assumptions concerning the generation of sample data (and similar data from a larger population ). A statistical model represents, often in considerably idealized form, the data-generating process. [1] When referring specifically to probabilities, the corresponding ...
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