Types of Discriminant Analysis

What is Discriminant Analysis? A very commonly used method of classification is the Discriminant Analysis. According to this method, distinct classes’ product data are based on distinct Gaussian distributions. For the purpose of creating a classifier, the parameters for the Gaussian distribution are estimated by the fitting function for every class. In order to predict…

multivariate analysis, data analysis, hypothesis, research

Multivariate Analysis Methods and Their Use

Multivariate analysis of data is basically a technique of statistics which is used to interpret the data that comes from more than a variable. Most importantly, multivariate data analysis gives an overview of the reality in which every product, situation as well as decision includes above one variable. The age of information has brought in…

cross sectional design, data analysis, data research, analyst

When to Use a Cross Sectional Design

Cross Sectional design is one of the most well-known and commonly used study designs. In this kind of study, the subset of the population or the whole population is chosen and from the selected participants, data is gathered for the purpose of helping answer research questions of interest. The reason why it is known as…

Research 101: Understanding Factor Loading

What are Factor Loadings Factor loadings show the degree to which a factor elaborates a variable in the process of factor analysis. Examples of Factor Loading in Business Analysis For instance, a survey is created by a credit card company to evaluate satisfaction of customers. This survey is made for answering three categories of questions: accuracy…

regression, linear_regression, retrogression, variables, database, finance, regression_equation,

Definition of Regression

Understanding the Meaning of Regression When you come across the word “regression”, you, to a lot extent, “go back”. Hypothetically, if you have been striving hard to have control on sugar but one fine day eat many pieces of chocolate cake, that’s called regression. Keep in mind but placing ion into a verb makes converts…

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Mechanism, Functions and Components of Factor Analysis

Introduction to Factor Analysis and Components of Factor Analysis Factor analysis is defined as a statistical technique or a method that is used to examine and describe the multiple correlated and observed variables. Such variables that comprise of similar pattern of responses associated with unobserved variables that are not directly measured are called factors. Factor…

data_analysis_software, quantitative_data_analysis_software, database, business_analysis, finance_analysis

What is Quantitative Analysis and What are Various Features of a Quantitative Software?

Meaning of Quantitative Analysis and Different Software Programs Used for Quantitative Analysis Quantitative analysis is a financial or business analysis technique which seeks the understanding of behavior by knowing and using complex statistical and mathematical measurement, modeling and research. The analysts of this technique try replicating reality mathematically by placing a certain numerical value or…

statistical_factor_analysis, statistics, types_of_statistical_analysis, analytics, microsoft_excel, tools_for_analysis, analyzing_data

What is a Statistical Analysis?

Definition, Examples and Methods of Statistical Analysis The field of statistics is vast and touches almost every aspect of a human life. We might not be able to see it, but the fact that it is every where is quite astounding. From our daily routine at home or at work to biggest offices as well…

media_content_analysis, analysis, mass_communication, defintion_of_media_analysis, media_analysis_examples

What is Media Analysis

Definition of Media Analysis, Its Uses, Benefits and Best Practice Methodology What is Media? Media serves as a means of communication. It refers to various modes of mass communication, like newspapers, magazines, radio, television and internet are the most popular forms of communication media. The term sometimes also represent the press and news reporting agencies…

Techniques and Methods Involved in Operational Research

What is Operational Research? Let’s read about operational research and history of operational research. Technically, OR or operational research is the usage of progressive analytic techniques in order to improve and enhance the construction of a decision. Operational research is also seldom called management science, operations research or industrial engineering. Brief Note About Operational Research OR is basically…