Descriptive statistics
Part of a series on |
Research |
---|
Philosophy portal |
A descriptive statistic (in the
Some measures that are commonly used to describe a data set are measures of central tendency and measures of variability or dispersion. Measures of central tendency include the mean, median and mode, while measures of variability include the standard deviation (or variance), the minimum and maximum values of the variables, kurtosis and skewness.[5]
Use in statistical analysis
Descriptive statistics provide simple summaries about the sample and about the observations that have been made. Such summaries may be either quantitative, i.e. summary statistics, or visual, i.e. simple-to-understand graphs. These summaries may either form the basis of the initial description of the data as part of a more extensive statistical analysis, or they may be sufficient in and of themselves for a particular investigation.
For example, the shooting
The use of descriptive and summary statistics has an extensive history and, indeed, the simple tabulation of populations and of economic data was the first way the topic of statistics appeared. More recently, a collection of summarisation techniques has been formulated under the heading of exploratory data analysis: an example of such a technique is the box plot.
In the business world, descriptive statistics provides a useful summary of many types of data. For example, investors and brokers may use a historical account of return behaviour by performing empirical and analytical analyses on their investments in order to make better investing decisions in the future.
Univariate analysis
Bivariate and multivariate analysis
When a sample consists of more than one variable, descriptive statistics may be used to describe the relationship between pairs of variables. In this case, descriptive statistics include:
- contingency tables
- Graphical representation via scatterplots
- Quantitative measures of dependence
- Descriptions of conditional distributions
The main reason for differentiating univariate and bivariate analysis is that bivariate analysis is not only a simple descriptive analysis, but also it describes the relationship between two different variables.
References
- ISBN 0-471-31009-3.
- ISBN 978-1-5063-0416-8, retrieved 2021-06-01
- ISBN 0-19-850994-4.
- ISBN 978-1-5063-0416-8, retrieved 2021-06-01
- ^ Investopedia, Descriptive Statistics Terms
- ^ Trochim, William M. K. (2006). "Descriptive statistics". Research Methods Knowledge Base. Retrieved 14 March 2011.
- ISBN 978-0-495-59841-1.
- PMID 18450044.
External links
- Descriptive Statistics Lecture: University of Pittsburgh Supercourse: http://www.pitt.edu/~super1/lecture/lec0421/index.htm