Sunday, March 2, 2014

BusinessNewsDaily Reference: What is Statistical Analysis?

ByChad Brooks, BusinessNewsDaily Contributor   |   February 28, 2014 12:07am ET

Statistical analysis software

In an effort to organize their data and predict future trends based on the information, many businesses rely on statistical analysis.

While organizations have lots of options on what to do with their big data, statistical analysis is a way for it to be examined as a whole, as well as broken down into individual samples.

The online technology firm describes statistical analysis as an aspect of business intelligence that involves the collection and scrutiny of business data and the reporting of trends.

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