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Earn +20 ptsQ: What are the main objective for classifying data in statistics?
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What is the main objective of multivariate statistics analysis?
The main objective of multivariate statistics analysis is to provide information to companies who need that specific information. This method gives a good overview of information.
What is the main purpose of descriptive statistics?
Descriptive statistics is the branch of statistics concerned with the collection, organization, summation and presentation of data.
What are the advantages and disadvantages of data collection methods in statistics?
There are both advantages and disadvantages of data collection methods in statistics. The main advantages are the metrics and correlation one can draw from statistics. The disadvantages stem from sampling errors.
What are different fields of statistics?
The two main forms of statistics are qualitative (descriptive) statistics and quantitative (inferential or inductive) statistics.
What are the 2 main category of statistics?
Quantitative and Qualitative
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