Introduction to business statistic and analytics

Introduction to business statistic and analytics

1. Data

   • data-facts and figure from which conclusions can be drawn data set- the data that collected for a particular study. element-e.g people, objects, eventvariable-any characteristic of the element
   • Measurement
     • 1. Quantitative
       • measurement that include numbering and calculation
     • 2. Qualitative
       • Measurement that fall into several categories.
   • cross sectional data
     • Cross sectional data
       • Data that collected at the same point time.
     • Time series data
       • data collected over different time period.
   • HOW DATA COLLECTED?
     • 1.Primer
     • 2. Secondary