What is Statistical Analysis?
12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Statistical analysis is a process used to examine data in various ways to gain certain insights. It can help to understand how certain factors relate to each other, what patterns and trends are present in the data, and how to predict the behavior of the data. The techniques of statistical analysis can help in decision making, forecasting, and prediction.