Types of Analysis
● Exploratory data analysis
○ What kind of data do we have?
○ What do our data look like?
● Predictive analytics
○ What do we expect to happen?
○ What is the relationship between variables?
● Prescriptive analytics
○ What should we do to optimize an outcome?
Descriptive Statistics
Describe the data, particularly the shape and
distribution of values.
Examples
Mean, median, mode
Variance, standard deviation
Inferential Statistics
Draw conclusions about a population by
studying a sample.
Example
Correlation,regression
T-test
ANOVA
Test of independent proportions
● Exploratory data analysis
○ What kind of data do we have?
○ What do our data look like?
● Predictive analytics
○ What do we expect to happen?
○ What is the relationship between variables?
● Prescriptive analytics
○ What should we do to optimize an outcome?
Descriptive Statistics
Describe the data, particularly the shape and
distribution of values.
Examples
Mean, median, mode
Variance, standard deviation
Inferential Statistics
Draw conclusions about a population by
studying a sample.
Example
Correlation,regression
T-test
ANOVA
Test of independent proportions
