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Statistics The Study of Data

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Title: Statistics The Study of Data


1
Statistics - The Study Of Data 
2
  • Statistics refers to collecting, organizing,
    displaying, analyzing, interpreting and
    presenting the data. The study of statistics is
    applied in social, scientific and industrial
    problems. It deals with every aspect of data
    collection and planning of the same in terms of
    experiments and surveys. 

3
Different Ways Of Collecting Data
  • There are various ways of collecting data like
  • Sampling- when the data cant be collected,
    experimental designs and survey samples are
    created to collect data.
  • Experiments- The planning and designing of the
    experiment are the key aspects of getting a
    result out of the data collected. 
  • Observational studies- a survey is used to
    collect data and then is observed and analysed.

4
Various Statistical Methods Used To Analyse Data
  • Some methods used to analyses the statistical
    data are
  • Descriptive statistics- the one that summarizes
    the features of the collected data
  • Inferential statistics- it refers to the testing
    of hypothesis and deriving data estimates
  • Exploratory data analysis- an approach used to
    summaries the main characteristics of the data
    collected 

5
Well-known Statistical Tests
  • There are some famous statistical tests that are
    looked upon while analyzing data
  • Analysis of variance
  • Correlation
  • Chi-squared test
  • Factor analysis
  • Conjoint analysis
  • Time-series analysis
  • Regression analysis

6
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