Types of analyses
Types of Analyses
These are the main types of analyses: descriptive analysis, inferential, exploratory and visual analysis.
Descriptive: summary of data and quick look into the data. Some common measures are: range, mean, mode, standard deviation
Inferential: estimates properties of underlying distribution of the data. Some common tools in this type of analysis: random sampling, hypothesis testing, confidence intervals
Exploratory: helps us uncover insights and visualize statistical properties. Some common techniques are: steam and leaf, box-plots, histograms.
Visual: builds upon exploratory analysis. Some common visualizations are: bar charts, part-to-whole charts, correlations, and geographic.