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.
What is Business Intelligence? BI is specific term which refers to software applications to analysis company raw data in organized form .BI is a set of processes, technologies and applications used to provide information and support the decision making process It is Not a standard software product, it is specifically designed by consulting and targeting to particular business need . BI is broad term which capture the many things in it. Some of BI terms are SCD, MOLAP, ROLAP, Analytics, Forecasting, EIS, OLAP, KPI, SALES Intelligence, Data mart, Data Integration and MDM. Some of Business examples which used the BI solutions. In Retail System BI is use to make the strategic decisions such as what new products to add to their store, which one products need to finish and which underperforming stores to close. Another example of banks which used BI solution to analyze organizational data, banks can improve and streamline operational efficiencies to not only support sales ...
Comments
Post a Comment