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Tutorial: An example of statistical data analysis using the R environment for statistical computing G Roster Version 1.4; May 6, 2017Subsoil vs. topsoil clay, by zoneRegression Residuals vs. Fitted.
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Cec2 FAQ
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Types of statistical analysis For example, if a business gave you a book of its expenses and you summarized the percentage of money it spent on different categories of items, then you would be performing a form of descriptive statistics.
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A simple example of data analysis can be seen whenever we make a decision in our daily lives by evaluating what has happened in the past or what will happen if we make that decision. Basically, this is the process of analyzing the past or future and making a decision based on that analysis.
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Descriptive, predictive and prescriptive analytics.
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This type of analysis helps describe or summarize quantitative data by presenting statistics. For example, descriptive statistical analysis could show the distribution of sales across a group of employees and the average sales figure per employee. Descriptive analysis answers the question, “what happened?”
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Several top logistic companies like DHL and FedEx are using data analysis to examine collected data and improve their overall efficiency. Using data analytics applications, the companies were able to find the best shipping routes, delivery time, as well as the most cost-efficient transport means.
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What are the types of statistical analysis? There are two main types of statistical analysis: descriptive and inferential, also known as modeling.
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A simple example of Data analysis is whenever we take any decision in our day-to-day life is by thinking about what happened last time or what will happen by choosing that particular decision. This is nothing but analyzing our past or future and making decisions based on it.
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An example of statistical analysis is when we have to determine the number of people in a town who watch TV out of the total population in the town. The small group of people is called the sample here, which is taken from the population.
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