Get Practice Interpreting Data

interpretation noun [C or U] (EXPLANATION) an explanation or opinion of what something means: The dispute is based on two widely differing interpretations of the law. The rules are vague and open to interpretation. It is difficult for many people to accept a literal interpretation of the Bible.

Let's say your users fall into four age groups. So a company can see which age group likes their content or product. Based on bar charts or pie charts, they can develop a marketing strategy to reach uninvolved groups or an outreach strategy to grow their core user base.

There are four steps to data interpretation: 1) assemble the information you'll need, 2) develop findings, 3) develop conclusions, and 4) develop recommendations. The following sections describe each step. The sections on findings, conclusions, and recommendations suggest questions you should answer at each step.

In this part, we will look at the two main methods of interpretation of data: qualitative and quantitative analysis.

Data Interpretation is the process of understanding, organising, and interpreting the given data, for making sense of and getting a meaningful conclusion.

The basic concept of data interpretation refers to the procedures through which data is reviewed by various analytical methods to arrive at an inference. The data to be interpreted can be collected from various sources like data from the running of industries, census population etc.

The kinds of insights you get from your data depends on the type of analysis you perform. In data analytics and data science, there are four main types of data analysis: Descriptive, diagnostic, predictive, and prescriptive.

There are four steps to data interpretation: 1) assemble the information you'll need, 2) develop findings, 3) develop conclusions, and 4) develop recommendations. The following sections describe each step. The sections on findings, conclusions, and recommendations suggest questions you should answer at each step.