What role does Statistical Analysis play in Data Analysis?
The question is about data analysis
Answer:
Statistics is also a major division when analyzing data and has developed the most appropriate methods for the interpretation and making sense of data, best-suited for that purpose. It also assists the Analyst in identifying trends, correlations, and patterns in data, together with appraising the significance of these conclusions.
While doing this, Statistical Analysis, through testing hypotheses, regression, and probability distribution, offers the Analyst the opportunity to make objective decisions based on the insights the data conveys; it may even shed light on informed decisions arising from these insights.
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