T Test for Independent Samples

In the area of statistics, the t- test is the most commonly used method that is used for the purpose of studying the difference in means between the two groups. In theoretical terms, the application of t – test is even possible when the sample size is relatively very small. The pre requisite is that […]

Non-Linear Estimation

Non Linear estimation is used to compute the relationship that exists between a set of independent variables and one dependent variable. For instance, the researcher may want to compute the relationship that exists between the dose of drugs and its effectiveness, the relationship that exists between training and subsequent performance of a task and the […]

What is Churn Analysis?

There is stiff competition in every industry for acquiring and retaining customers. The companies these days focus more towards the retention of the existing loyal customers so they do not get shifted towards purchasing products from other competitors in the market. Companies design and develop strategies so as to be able to identify and get […]

Distinction between Descriptive Statistics and Inferential Statistics

Distinction between Descriptive Statistics and Inferential Statistics  There are two major parts in statistics. Each of these two segments is important and has a different purpose to solve. These two sub fields are named as descriptive statistics and inferential statistics. How are these two areas different from each other? Descriptive Statistics It is the type […]

The Most widely used Correlation Coefficient

The most widely used Correlation Co efficient is Pearson r. it is also called as linear or product moment correlation. Simple Linear Correlation: the Pearson Correlation assumes that both the variables get to be measured at the least interval scales and it also determines the extent to which both the values are proportionate to each […]

ANOVA or MANOVA

These are two different statistical methods and are put to use for the comparison of means ANOVA ANOVA stands for the Analysis of Variance”. In the field of statistics when we compare or two or more means at the same time we use the statistical method which is called ANOVA. It gives values and results […]

Principal Component Analysis and Factor Analysis: How much are they similar?

Principal Component Analysis Principal Component analysis is the procedure that helps in the identification of a smaller number of uncorrelated variables. These are called the principal components and are derived from a large set of data. The purpose of principal component analysis is to further explain the maximum amount of variance with the fewest number […]

Creating output from Qualitative Data

Often people are found wondering, how would the output of qualitative data look like? Often researchers are of the opinion that the presentation of quantitative data is better as compared to the qualitative data. What is important in analysis of qualitative data is that apart from having an analytical and logical mind, it is important […]

The relevance of Pilot Studies

In the field of social sciences, the word pilot study is used in two different ways. Another way of explaining this pilot study is that they are called feasibility studies. They are in fact the small scale versions which are a preparation of the major study. At the same time, they are the test run […]