Posts

Showing posts from 2018
Image
Data Analysis using descriptive statistics .. For Descriptive statistics we used different types of techniques to verify the distribution and variability of data Means, Median and mode are three function use for the descriptive statitics Mean is just average of data (sum of data /devide by total number) Media is middle number of data in case of even data just take the average of the middle numbers. Mode is just the numbers which is frequently used in data After getting all three results just compare all of these results. If you find that Mean > Median > Mode data is noy symmetrical and positive skewness is present in data and we assume that our data is not normal. If Mean is approximately equal to Median and just ignore the mode then we consider our data is normal.
Image
How to use Standard Deviation for Market Intelligence. ->What is Standard Deviation? Standard deviation is strength of your  data values  Steps to calculate the formula  1. Work out the Mean (the simple average of the numbers) 2. Then for each number: subtract the Mean and square the result 3. Then work out the mean of those squared differences. 4. Take the square root of that. Results 1 Std means 68% of strength 2 std mens 95% and 3 std means 99% strength. Simply a retail industry just make the paint size in some area he take the data of length size of persons and calculate the std and if they got the 3 std with 170 cm length they easily decide their paint length. Regards Zafarhakeeem@gmail.com +971554443206