Predictive Analysis
Retrospective analysis enables deriving inferences about future results via the sensitive evaluation of prior events.
Time Series Analysis
- Moving Averages: Fitting techniques that estimate the curvature of data points to identify trends in the data.
- Exponential Smoothing: A forecasting technique which employs an exponential moving average, taking the significance of decreasing past observations into consideration, in order to predict future values.
- ARIMA Models (AutoRegressive Integrated Moving Average): Utilizes autoregression to make the data stationary, combines it with the moving average model for the purpose of time series forecasting.
Types of Statistical Data Analysis
Statistics data analysis is a class of analysis that includes different techniques and methods for collection, data analysis, interpretation and presentation of data. Knowing the approach to data analysis is one of the crucial aspects that allows drawing a meaningful conclusion. In this article, the most fundamental types of statistical data analysis will be described. The authors will explain all the terms and concepts easily.
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