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What Is Data Analysis, Anyway?

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Are you wondering, “What is data analysis, anyway?” That’s an excellent question! Here’s an answer that I unpack for you as I go along: Data analysis is the application of tools and techniques to organize, study, reach conclusions, and sometimes make predictions about a specific collection of information.

For example, a sales manager might use data analysis to study the sales history of a product, determine the overall trend, and produce a forecast of future sales. A scientist might use data analysis to study experimental findings and determine the statistical significance of the results. A family might use data analysis to find the maximum mortgage it can afford or how much it must put aside each month to finance retirement or the kids’ education.

Excel Data Analysis For Dummies

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