statistical variables
statistical variables
NUMERICAL VARIABLE
A numerical or continuous variable (attribute) is the one that may take on any value within a
finite or infinite interval eg height, weight, temperature etc.
i. Interval
ii. Ratio
INTERVAL VARIABLE
This has values whose differences are interpretable, but it does not have a true zero.
eg temperature in centigrade .
NOTE: Data on interval scale can be multiplied and subtracted but cannot be meaningfully
multiplied or divided. For example we cannot say one day is twice as hot as another day.
RATIO VARIABLE
This has values with a true zero and can be added, subtracted or divided. Eg weight, height etc.
UNIVARIATE ANALYSIS
Univariate analysis explores variables one by one. An example of univariate analysis is when we
are finding
i. Nominal
ii. Ordinal
NOMINAL VARIABLE
This has no intrinsic ordering to its categories such as gender. Here order does not matter.
ORDINAL VARIABLE
This has a clear ordering for instance if we categorize temperature as low, medium and high,
here low is less medium and medium is less than high.
ENCODING OR CONTINUIZATION
This is the process of transforming numerical variables into categorical counterparts, eg male
and female to 1 and 0.
BINNING OR DISCRETIZATION
This is the process of transforming numerical variables into categorical counterparts, eg binning
values of age into categories such a s 20-39, 40-59, 60-79.
BIVARIATE ANALYSIS
This is the simultaneous analysis of two variables. It explores the concept of relationship
between two variables.
Whether there are differences between two variables and the significance of these
differences.