B. COLLECTION OF INFORMATION EMPLOYING STATISTICAL METHODS
Statistical analysis refers to a variety of methods used to collect data, describe data, explore and understand new patterns and relationships in data, test hypotheses, make inferences about a population, and predict future behavior based on sample datasets.
Illustrative Scenario
Process data collected.
Use Case
Using tools, TTP collaborates with HFPP partners to: quickly explore data sets, identify
missing or anomalous data, prepare data for analysis, and produce statistically significant findings that are relevant to business needs.
Technical Aspects
Design of experiments
Forecasting, regression analysis, and time series analysis
Factor analysis, principal component analysis, and structural equations modeling
Classification, discriminate analysis, and clustering
Sensitivity/uncertainty Analysis
Common methods include time series analysis, regression and ANOVA providing a mathematical representation for exploration and prediction, sampling methods, and hypothesis testing.
Example Tools
File Type | application/vnd.openxmlformats-officedocument.wordprocessingml.document |
Author | WILLIAM PARHAM |
File Modified | 0000-00-00 |
File Created | 2021-11-30 |