logo

Methods of Analysis of Data

   

Added on  2021-02-19

9 Pages2319 Words125 Views
 | 
 | 
 | 
Methods of Analysis ofdata
Methods of Analysis of Data_1

Table of ContentsINTRODUCTION...........................................................................................................................1Methods of analysis data..............................................................................................................1CONCLUSION ...............................................................................................................................5REFERENCES................................................................................................................................7
Methods of Analysis of Data_2

INTRODUCTIONData analysis is termed as the process that helps in evaluating the acquired informationon the basis of analytical and statistical tools. This helps to discover the required information fordecision making (Becker, 2017). The whole process includes inspecting, cleansing, transformingand mode-ling data. While operating business several decisions required to make in day-to-dayoperations. Data analysis provides basis to businesses for decision making that will lead toeffective decisions. For data analysis information is collected through several data collectionsmethods and accepting a particular data collecting method will be highly influenced withreliability and requirement of the data collected. In this project report detailed information willbe provided for data collection methods and critical evaluation with ethical requirement. Methods of analysis dataIn research, large amount of data is collected that is need to be evaluated with bestsuitable and appropriate data analysis technique which gives the actual results that support toattain the desired targets. The method of cleaning, transforming, moulding of collected data intomeaningful information which is necessary for taking day to day business decision is known asdata analysis. Based on the kind of research there are several different approaches for data orstatistical analysis. This support to make needful to understand the nature of every data andunderstand the suitable methodology that can deliver best effective results for particular researchwork. Below are some approaches that is used to evaluate both qualitative and quantitative data. Analysing of qualitative dataQualitative data is much more difficult to identify as it relates to more interpretative andambiguous facets of a study. It contains data from performance reviews, workplace surveys, andusually refers to qualitative aspects over amounts. The analytical methods applies are thereforeless organized than quantitative methods. This type of data analysis is different from quantitativedata because qualitative analysis works on words, pictures, fictions, symbols and evenobservation of various respondents and personnels. It is almost difficult to extract exact meaningout of such information therefore, it's often used for observational research. In the respectiveresearch qualitative analysis method is used that support to draw meaningful results (Bock andDiday, 2012). There are few steps that are followed for preparing authentic data this is essentialto conduct analysis:1
Methods of Analysis of Data_3

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Data Analysis: Methods and Techniques for Sound Decision Making
|8
|2934
|24

Strategic Information Management PDF
|30
|8582
|345

Impact of Workplace Discrimination on Team Working
|33
|5419
|55

P3 Primary and Secondary Research Using Appropriate Methods
|24
|5046
|80

Data Insights: Functions of Quantitative and Qualitative Research in Modern Marketing
|13
|719
|248

Data Insight: Role of Quantitative and Qualitative Research in Modern Marketing
|11
|814
|103