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- What statistical method should be used to analyze data?
- What are the 3 types of statistical analysis?
What statistical method should be used to analyze data?
Two main statistical methods are used in data analysis: descriptive statistics, which summarizes data using indexes such as mean and median and another is inferential statistics, which draw conclusions from data using statistical tests such as student's t-test.
What are the 3 types of statistical analysis?
Important types are descriptive analysis, inferential analysis, predictive analysis, prescriptive analysis, exploratory data analysis (EDA), and causal analysis. The five basic methods are mean, standard deviation, regression, hypothesis testing, and sample size determination.
