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Statistical packages is used for survey authoring and deployment, data mining, text analytics, statistical analysis, and collaboration and deployment. it can be used to identify new markets and opportunities. Statistical packages can be used to identify current consumers that are likely to purchase additional products from organizations that maintain and collect elaborate data.
Statistical packages can be used to identify high quality consumers who are profitable to retain and low quality consumers who are not profitable to retain it.and also be can used to find proper experimental design including randomization, replication, and blocking (if necessary) can determine if a drug, diet, exercise program, etc. is effective versus another.
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Who uses statistical data analysis?
There are many people who use statistical data analysis. Scientists, websites, and companies are all use of statistical data analysis. This analysis is beneficial to the people that study it.
What statistical test do you use for nominal by ordinal data?
Kruskal-Wallis H test.
Is there a statistical test to assess the difference between two ratios. I have numbers which are ratios and want to test whether there is a statistical difference between them?
You can use the z test for two proportions. The link below will do this test for you.
What should you use to find the equation for a line of fit for a scatter plot?
Least squares regression is one of several statistical techniques that could be applied.
What are the uses of statistics in Banking Sector?
The statistical tools are used in banking sector for making a decision.How do a bank invest their money in capital market or for lending to their customer,they have to use statistics.It is also use in forcusting in the banking sector.
