Skill Sector: Research & Analysis What Is Data Observation? Dictionary definition: Data observation is the process of carefully noticing, recording, and recognizing patterns, anomalies, or trends within data. In real life, what that actually means: Data observation is about paying attention to what the data is actually showing before jumping to conclusions. It’s the skill […]
Skill Sector: Mathematics What Is Statistics & Probability? Dictionary definition: Statistics is the science of collecting, analyzing, and interpreting data, while probability is the study of the likelihood of events occurring. In real life, what that actually means: Statistics and probability are about making sense of uncertainty. It’s the skill you use when you stop […]
Skill Sector: Research & Analysis What Is Prescriptive Analysis? Dictionary definition: Prescriptive analysis is the process of using data, insights, and predictions to recommend specific actions that should be taken. In real life, what that actually means: Prescriptive analysis is about deciding what to do next based on what you know, what you expect, and […]
Skill Sector: Research & Analysis What Is Predictive Analysis? Dictionary definition: Predictive analysis is the use of historical data, patterns, and statistical techniques to estimate likely future outcomes. In real life, what that actually means: Predictive analysis is about using what has already happened to make an educated guess about what is likely to happen […]
Skill Sector: Research & Analysis What Is Descriptive Analysis? Dictionary definition: Descriptive analysis is the process of summarizing and describing the main features of a dataset without drawing conclusions or predictions. In real life, what that actually means: Descriptive analysis is about clearly explaining what the data shows, without jumping to why it happened or […]
Skill Sector: Research & Analysis What Is Data Interpretation? Dictionary definition: Data interpretation is the process of explaining the meaning of data by analyzing patterns, trends, and relationships. In real life, what that actually means: Data interpretation is about understanding what the data is trying to tell you once you’ve observed it. It’s the step […]
