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Lecture #1 - Introduction to Data Analysis

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Distinguish between quantitative and qualitative data. Understand the distinction between different types of statistics and analytics. Explain how data analysis is used to inform business decision-making. Identify the primary steps in the data analysis lifecyle.

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  • December 31, 2024
  • 2
  • 2024/2025
  • Class notes
  • Asim shrestha
  • Lecture #1 - introduction to data analysis
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Reading:
● 1.1 - 1.2
● Microsoft Excel 2019 Data Analysis and Business Modeling
(Sixth Edition) by Wayne L. Winston (Chapter 28)

Videos:
● https://support.microsoft.com/en-us/office/what-is-excel-94b00f5
0-5896-479c-b0c5-ff74603b35a3?wt.mc_id=otc_excel




What is data?

QUANTITATIVE VS. QUALITATIVE




Analysis is the process of extracting value and insight from data to inform
decision-making.

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