Term
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Definition
Define
Collect
Organize
Visualize
Analyze |
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Term
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Definition
| Define the variables that you want to study in order to solve a business problem or meet a business objective |
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Term
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Definition
| Collect the data from appropriate sources |
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Term
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Definition
| Organize the data collected by developing tables |
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Term
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Definition
| Visualize the data by developing charts |
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Term
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Definition
| Analyze the data by examining the appropriate tables and charts to reach conclusions |
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Term
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Definition
aka Qualitative Variables: have values that can only be placed into categories such as yes or no
-Classify observations |
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Term
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Definition
aka Quantitative Variables: have values that represent quantities
-Continuous --> have larger number of values
*Further divided into discrete or continuous variables* |
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