3. Data Formats in Practice: Know Data Types
When you think about the word “format,” many things might come to mind. Think of an advertisement for your favorite
When you think about the word “format,” many things might come to mind. Think of an advertisement for your favorite
Statistical inference helps us make sense of data and draw conclusions about larger groups by analyzing smaller samples. It uses descriptive and inferential methods to find patterns, test ideas, and predict outcomes. Probability plays a key role by helping us handle uncertainty and make better decisions based on data.
Qualitative and Quantitative data are the two major types, which are being utilized in every field of research and analysis. All have applications in business analysis, complementary use, decision making, and enhanced insights.