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Basic reason for using statistics – descriptive statistics
In many fields and many sciences, e.g. physics, biology, medicine, economics, etc., it is necessary to collect and analyze data concerning a set of objects in order to draw conclusions about it. Descriptive statistics: deals with the concise and effective presentation of the data of a statistical survey. (the other broad category is the inferential…
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Quantitative Data Analysis
Quantitative Data Analysis is a powerfull tool to offer solutions to real -world problems. There are numerous quantitative techniques (such as game theory, classical statistical techniques as time series, machine learning, quantitative methods of operational research etc.) and tools which can offer insights to real – world problems which arise. The focus of this page…
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What this blog is about
The progress of the technology can bring the quantitative approaches to a higher level and the mix of the technology with quantitative tools can help the community. The application areas of these tools include among others Economics, Politics, Computer Science, Information Technology, Healthcare, Finance, Electronics, and Communication Engineering. The scope is to offer insights to…