A normal distribution is a type of bell-shaped distribution in which the majority of the data falls around the mean. This distribution is often used in statistics to model real-world data.
Definition of Data Data is the plural of datum, which is a single piece of information. In data science, data refers to the large set of information that is collected and analyzed. This information can be in any form, including text, numbers, images, or binary code. Data science is the process of extracting insights from…
Ad Hoc Analysis is an exploratory analysis technique used to uncover patterns or relationships in a dataset. Often times this work is performed “Ad Hoc” or “On The Fly”… meaning it it done in the moment.
Definition of SPSS SPSS (Statistical Package for the Social Sciences) is a software package used for statistical analysis. It was originally designed for social scientists, but has been expanded to accommodate a wider range of data. SPSS can be used to conduct basic statistical analyses, as well as more complex procedures such as multivariate analysis…
Definition of Waterfall Chart Waterfall chart: A waterfall chart is a type of data visualization that shows how a starting value (in the y-axis) changes over time (in the x-axis) through a series of intermediary values. It’s often used to illustrate how different factors contribute to a final outcome.