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Analytics is the systematic computational analysis of data or statistics. [1] It is used for the discovery, interpretation, and communication of meaningful patterns in data. It also entails applying data patterns toward effective decision-making. It can be valuable in areas rich with recorded information; analytics relies on the simultaneous ...
Data analysis is the process of inspecting, cleansing, transforming, and modeling data with the goal of discovering useful information, informing conclusions, and supporting decision-making. [1] Data analysis has multiple facets and approaches, encompassing diverse techniques under a variety of names, and is used in different business, science ...
Not to be confused with Business analysis. Business analytics ( BA) refers to the skills, technologies, and practices for iterative exploration and investigation of past business performance to gain insight and drive business planning. Business analytics focuses on developing new insights and understanding of business performance based on data ...
t. e. Trend analysis is the widespread practice of collecting information and attempting to spot a pattern. In some fields of study, the term has more formally defined meanings. [1] [2] [3] Although trend analysis is often used to predict future events, it could be used to estimate uncertain events in the past, such as how many ancient kings ...
Analytical skill is the ability to deconstruct information into smaller categories in order to draw conclusions. [1] Analytical skill consists of categories that include logical reasoning, critical thinking, communication, research, data analysis and creativity. Analytical skill is taught in contemporary education with the intention of ...
Analytical quality control. Analytical quality control ( AQC) refers to all those processes and procedures designed to ensure that the results of laboratory analysis are consistent, comparable, accurate and within specified limits of precision. [1] Constituents submitted to the analytical laboratory must be accurately described to avoid faulty ...
Online analytical processing. In computing, online analytical processing, or OLAP ( / ˈoʊlæp / ), is an approach to quickly answer multi-dimensional analytical (MDA) queries. [1] OLAP is part of the broader category of business intelligence, which also encompasses relational databases, report writing and data mining. [2]
Analytic study: A statistical study in which action will be taken on the process or cause-system that produced the frame being studied. The aim being to improve practice in the future. (In a statistical study, the frame is the set from which the sample is taken.)