Descriptive Analysis Techniques for Evaluating Data
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Added on 2023/01/07
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This report provides an overview of descriptive analysis techniques for evaluating data. It covers methods such as mean, median, mode, range, and standard deviation. It also explains how to use linear forecasting for predicting future trends. The report emphasizes the importance of statistics in data analysis.
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TABLE OF CONTENTS TABLE OF CONTENTS................................................................................................................2 EXECUTIVE SUMMARY.............................................................................................................1 REFERENCES................................................................................................................................2
INTRODUTION Descriptive analysis includes techniques which includes the tables of mean and for quantities, measuring the dispersion like the variance of the standard deviation andthe cross tabulations or the cross tabs which is used for examining many disparate hypothesis. The report will provide about descriptive analysis techniques for evaluating data. TASK 1. Creating a table for the data related to phone calls Sr. No.Datecalls per day 101-Jul-203 202-Jul-205 303-Jul-207 404-Jul-203 505-Jul-206 606-Jul-203 707-Jul-209 808-Jul-208 909-Jul-204 1010-Jul-205 2. Presentation of data for phone calls in graphical format 1
2.1 Column Chart 01-Jul- 2002-Jul- 2003-Jul- 2004-Jul- 2005-Jul- 2006-Jul- 2007-Jul- 2008-Jul- 2009-Jul- 2010-Jul- 20 12345678910 0 1 2 3 4 5 6 7 8 9 Phone calls per day Phone calls per day 2.2 Line Chart 30/Jun/2002/Jul/2004/Jul/2006/Jul/2008/Jul/2010/Jul/2012/Jul/20 0 1 2 3 4 5 6 7 8 9 10 Phone calls per dayPhone calls per day days no of phone calls 2
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3. Mean, Median, range and standard deviation 3.1 The mean Mean is the measure which is used for measuring the average values so that the values which are occurring average number of times are identified. Sr. No.DatePhone calls per day 101-Jul-203 202-Jul-205 303-Jul-207 404-Jul-203 505-Jul-206 606-Jul-203 707-Jul-209 808-Jul-208 909-Jul-204 1010-Jul-205 Sum total of phone calls53 No. of observation10 Mean5.3 Mean for calls per day is measured as 5.3. This shows that the average calls received per day by the user is 5.3 . Mean is calculated by adding all values and dividing them with number of the values (Fox, 2020). 3.2 The Median Median in statistics is described as the measure of middle value when data is arranged in least to high. Sr. No.DateData in relation to phone calls per day 101-Jul-203 202-Jul-205 303-Jul-207 404-Jul-203 505-Jul-206 606-Jul-203 707-Jul-209 808-Jul-208 909-Jul-204 1010-Jul-205 3
No. of observation53 M=(10+1)/25.5 M=(6+3)/24.5 Median is measured as 4.5which is derived by diving the mid values of the data. It shows that the user gets around 5 call per day. 3.3 The Mode Mode in the statistics is used for identifying values which has occurred more frequently as compared with other values (Galeano and Peña, 2019). DatePhone calls per day 01-Jul-203 02-Jul-205 03-Jul-207 04-Jul-203 05-Jul-206 06-Jul-203 07-Jul-209 08-Jul-208 09-Jul-204 10-Jul-205 Mode =3 In the above data for phone calls the phone calls occurring maximum number of times is 3 . User receives 3calls most frequently in the period for 10 days. It helps the researchers and analysts to draw results. 3.4 The Range In statistics range is the value that measures the variation or deviation in the highest and lowest values in the data. ParticularsFormulaAmount Maximum9 Minimum3 RangeLargest value-Smallest value6 Range is 6 showing deviation in the whole data for phone calls given for study. The deviation is considerable in the data set. 4
3.5 The standard deviation Standard deviation in the statistics is highly used by the researchers for analysing the deviations from mean values. DatePhone calls (X)X^2 01-Jul-2039 02-Jul-20525 03-Jul-20749 04-Jul-2039 05-Jul-20636 06-Jul-2039 07-Jul-20981 08-Jul-20864 09-Jul-20416 10-Jul-20525 Total53323 Standard deviation= Square root of ∑x^2 / N – (∑x / n) ^ 2 SQRT of (323 / 53) – (53 / 10) ^ 2 SQRT of 6.09 – 28.09 SQRT of -21.99 4.69 From the above table the standard deviation is calculated as 4.69. Deviation is less which shows that results are reliable and accurate.Results are not having high deviation from mean value. 4 Linear Forecasting It is a simple forecasting method which is used for predicting the demand. It is used for imposing best fit line for the historical data. DateXPhone calls (Y)X*YX^2 01-Jul-201331 02-Jul-2025104 03-Jul-2037219 04-Jul-20431216 05-Jul-20563025 06-Jul-20631836 07-Jul-20796349 08-Jul-20886464 5
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09-Jul-20943681 10-Jul-2010550100 Total5553307385 4.1 “m” value m = NΣxy – Σx Σy / NΣ x^2 – (Σx)^2 m = 10 (307) - (53 * 55) / (10 * 385) – (55)^2 m = (3070 – 2915) / (3850 – 3025) m = 155 / 825 m = 0.18 4.2 “c” value c = Σy – m Σx / N c = 53 – (0.18 * 55) / 10 c = (53 – 9.9) / 10 c = 43.1 / 10 c = 4.31 4.3 Day 12 Forecasting Y = mX + c = 0.18 * (12) + (4.31) = 2.16 + 4.3 =6.47 = 6 calls approx 4.4 Day 14 Forecasting Y = mX + c = 0.18 * (14) + (4.31) = 2.52 + 4.31 =6.83 = 7 calls approx It could be analysed that using the linear forecasting, forecast for calls on 12thare forecasted to be 6 calls and for 14thday forecasts are made as 7 calls per day. The forecasts for the future dates are computed by deriving the values for m as well as c (Wildemuth, 2016). The method is highly used by the researchers and also by companies for making forecasts for future incomes and expenses. 6
CONCLUSION Statistics play an important role in analysing the data. Using the different methods statistics enable the researchers and analysts to come to more accurate and reliable results. Using descriptive analysis accurate conclusions could be drawn in any research and for analysing the data. The above report has provided brief outlook of the different methods such as mean, media and mode. 7
REFERENCES Books and Journals Galeano, P. and Peña, D., 2019. Data science, big data and statistics.TEST,28(2), pp.289-329. Wildemuth, B.M., 2016. Descriptive statistics.Applications of Social Research Methods to Questions in Information and Library Science, pp.338-47. Fox, J., 2020. CRAN task view: Statistics for the social sciences. 8