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Business Analytics

The document discusses various methods for converting data into information, including plotting, extracting, and manipulating data. It references key books on statistics and outlines descriptive statistics, measures of location and dispersion, and techniques for handling missing data. Additionally, it covers the fundamentals of statistical significance testing, including hypotheses and test statistics.

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han mai
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6 views1 page

Business Analytics

The document discusses various methods for converting data into information, including plotting, extracting, and manipulating data. It references key books on statistics and outlines descriptive statistics, measures of location and dispersion, and techniques for handling missing data. Additionally, it covers the fundamentals of statistical significance testing, including hypotheses and test statistics.

Uploaded by

han mai
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Converting data in to information: Plotting data on chart; Extracting data from database; Manipulating

and summarizing data

Book: Show Me the Numbers

Book: Regression Modeling Strategies: With Applications to Linear Models, Logistic Regression, and
Survival Analysis by Frank E. Harrell Jr.

Book: Statistics by David Freedman, Robert Pisani, and Roger Purves.

Descriptive Stat: using frequency to visualize category data

Measure of location: mean, median, mode, midrange

Measure of dispersion: range, interquartile range, variance, standard deviation

Scatter plot: best for 30 – 500 points.

Working with missing data:

- Deleteing rows: < 5% data


- Mean/ Median/ Mode imputation: 5% - 25% data => small bias
- Regression imputation: build and use model to impute missing value
- Deleting variables: better to remove variable than make too many assumptions

Statistical significance testing:

- Test statistic
- Null hypothesis
- Alternative hypothesis
- Significance level

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