Question

Identify two types of statistical analyses used in research and provide an example.

Answer 1

Staticstical analyses is a study or process through which we analyse,collecting,Organizing and Interpretating the final data.

There are many types of the Staticstical analyses that used in the Research.The two main types is :

• Descriptive Staticstical analyses
• Predictive Staticstical analyses

1) Descriptive Staticstical analyses - Researchers mainly used the Descriptive Staticstical analyses to describe the data or to summarize the data in a rational way.It is used to study the quantitatively describing.

One of the barrier of Descriptive Staticstical analyses is that it can not allow the researcher to make the conclusion beyond the data.Researchers can not get the conclusion and make the generalization that extend make beyond the data.Descriptive Staticstical analyses only help to describe the what is data and what that data present.

Example - In the organization, if you have a data of 100 employee that who love whom color car.but the data is not too informative.You want to summarize all the data by the help of graph and charts.Here,Descriptive Staticstical analyses help the researcher to analyse the 100 response of the employees and by the help of Descriptive Statistic analysis,Researcher able to find that how many percent of people like the which Colour car.

2) Predictive Staticstical analyses - Predictive Staticstical analyses is also process or study.where researcher predict the future outcomes by analyzing the data.In the Predictive Staticstical analyses researcher used the statical algorithm and machine learning to predict the future result, behavior and trends.

In shorts we can say that Predictive Staticstical analyses help the researcher to predict the future outcomes by using the data.which will help the organization to save from the loss as well as save there time and money.Marketing,financing and insurance are the sector who mostly used the Predictive Staticstical analyses to predict the future result by analyzing the current data.One important barrier of this process is that it always not predict the future outcomes with 100% surety.

Example - The automobile company use the Predictive Staticstical analyses process to predict that how much car they can sale in next year after analysing the current year data or the HR manager use the Predictive Staticstical analyses to predict the how much workforce they need in future to complete any project.