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Introduction To Descriptive Analytics

1) Descriptive analytics helps describe, show or summarize data in a constructive way such that patterns might emerge that fulfill every condition of the data. 2) Descriptive statistics is a term given to the analysis of data that helps to describe, show and summarize data in a meaningful way. It is a simple way to describe our data. 3) Inferential statistics makes inferences about populations using data drawn from the population to describe and make inferences about the population. It allows comparisons of data, hypotheses testing, and predictions.

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154 views21 pages

Introduction To Descriptive Analytics

1) Descriptive analytics helps describe, show or summarize data in a constructive way such that patterns might emerge that fulfill every condition of the data. 2) Descriptive statistics is a term given to the analysis of data that helps to describe, show and summarize data in a meaningful way. It is a simple way to describe our data. 3) Inferential statistics makes inferences about populations using data drawn from the population to describe and make inferences about the population. It allows comparisons of data, hypotheses testing, and predictions.

Uploaded by

Manveen Kaur
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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INTRODUCTION TO

DESCRIPTIVE ANALYTICS
By
Jaswinder Singh
AP - SCA
Lovely Professional University
Introduction
Data analysis is defined as a process of cleaning, transforming, and
modeling data to discover useful information for business decision-
making. The purpose of Data Analysis is to extract useful
information from data and taking the decision based upon the data
analysis.
Introduction
Introduction
Data Analysis VS Data Analytics
Introduction

“Descriptive Analysis is the type of analysis


of data that helps describe, show or
summarize data points in a constructive
way such that patterns might emerge that
fulfill every condition of the data”
Introduction
 Statistics is a branch of mathematics dealing with the
collection, analysis, interpretation, and presentation of masses
of numerical data. It is basically a collection of quantitative
data.
Introduction
Descriptive statistics is a term given to the analysis of data that
helps to describe, show and summarize data in a meaningful
way. It is a simple way to describe our data.
Introduction
Inferential statistics predictions are made by taking
any group of data in which you are interested. It
can be defined as a random sample of data taken
from a population to describe and make inference
about the population
Introduction
S.No. Descriptive Statistics Inferential Statistics

It gives information about It makes inference about population


raw data which describes the using data drawn from the
1. data in some manner. population

It helps in organizing, It allows us to compare data, make


analyzing and to present data hypothesis and predictions.
2. in a meaningful manner.

It is used to describe a It is used to explain the chance of


3. situation. occurrence of an event.

It explain already known data It attempts to reach the conclusion


and limited to a sample or about the population
4. population having small size.

It can be achieved with the It can be achieved by probability


help of charts, graphs, tables
5. etc.
Data Classification

Data Classification
ANALYTICS TYPE
ANALYTICS FOR DECISION
MAKING SUPPORT
ANALYTICS FOR DECISION
MAKING SUPPORT
IMPORTANCE IN DECISION
MAKING
Decision Needs and Analytics
Decision Needs and Analytics
Differentiating Analyst Types
Any Questions?
Thank You

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