statistical analysis

  

Definition

Collection, examination, summarization, manipulation, and interpretation of quantitative data to discover its underlying causes, patterns, relationships, and trends.

Use this term in a sentence

  • The statistical analysis revealed an element of our new marketing plan that was not effective so we used that information to alter our business plan.

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  • I was interested in statistical analysis and would attempt a degree for that subject in college when I got there.

    5 people found this helpful    
  • The statistical analysis of the company's client data revealed some very interesting trends in their sales over the past few years.

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