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Statistical analysis is mainly about gathering scientific data and uncovering their patterns and trends. It is another way of “statistics.” After gathering data, you can analyze it to:
- Summaries the data. For example, make a graphical representation like the pie chart.
- Find important measures of location. For example, the mean, which states the average (or “middling”) number, is in a data set.
- Evaluate measures of spread:
These help you identify the type of data, whether tightly clustered or more spread out.
The standard deviation is an extensively used spread measure; it shows you how your data is spread out.
- Make future predictions based on past behaviour. It is exclusively used in retail, manufacturing industries, banking, sports, or any institution where knowing future trends would profit.
Hire:Dissertation Statistical Analysis Service
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