Statistics Archives - Page 3 Of 3

What is Descriptive Analytics |Explained Descriptive Analytics with Example| 9 Points of Descriptive Analytics

November 21, 2024February 19, 2021 by Insightoriel

There are four types of analytics segment broadly. Those are Descriptive analytics, Diagnostic analytics, Predictive Analytics & Prescriptive Analytics. So, we’ll discuss what is descriptive analytics. Among all four types of analytics, Descriptive Analytics is the starting point for any kind of analytics to find out what has happened in the past. Also, descriptive analytics … Read more

What is Bell Curve | Explained Bell Curve with Standard Deviation | 4 Steps to Create Bell Curve in Excel

November 21, 2024January 24, 2021 by Insightoriel

Bell Curve is a methodology to understand normal distribution of data. In other words, Bell Curve is the graphical form of normal distribution. In Bell Curve, X axis represents the values of distribution and Y axis represents the frequency of each value.

What is Boxplot | Box and Whisker Plot | 5 Advantages of Boxplot | Create Boxplot in Excel & R

November 21, 2024January 20, 2021 by Insightoriel

In 21st century, probably Box and Whisker plot or Boxplot is the mostly used graph in descriptive analytics. Box and Whisker plot is showing five-point summary of a data.