Statistics Helpdesk Blog

Introduction: The Power of Statistical Data Processing

Data driven analysis and decision-making forms the backbone of modern-day problem solving. Through statistical data analysis, we can take raw data and make sense of it by identifying patterns, trends, and relationships. It is the process of gathering, struc...

Introduction

When it comes to statistics and data analysis, coding plays an essential role in processing the raw data and making it analysis ready. Learning and coding data can be unmanageable for students handling statistics homework, especially those who have just begun their course. Although this basic skill is required to be able to an...

Decision analysis is the systematic, mathematical and visual method used to solve and appraise various choices faced by organizations. It is a set of tools and methods used to anticipate outcomes, assess risks associated with an action and make the right decision under uncertain conditions. From deciding on the appropriate multichannel marketing campaign type to dec...