Descriptive statistics provide simple, quantitative summaries of datasets, usually combined with descriptive graphics. After data collection, the first step is to get basic information of the data using descriptive statistics. This provides easy-to-understand information that helps answer basic questions based on the average, spread, deviation of values and so on. They give analysts a rough idea about what the data is indicating so that later they can perform more formal and targeted analyses.
Harvard Business review refers to Data Scientist job as the Sexiest Job of the 21st Century. So who is a data scientist? What does he/she do? I will describe this in this article.
In this article, I am going to answer the question – Are Business Analysis & Business Analytics the same? A commonly asked question.