Analysis? Types of Analysis

 

Analysis? And types of Analysis

Analysis is the detailed examination of anything complex in order to understand it’s nature or to determine its essential features, or analysis is the process of breaking a complex topic into smaller points in order to gain better understanding of it. There are several types of Analysis

1- Descriptive Analysis:-

The goal of descriptive Analysis is to describe or summarize a set of data or information

2- Diagnostic Analysis:-

Diagnostic Analysis seeks to answer the question “ why did this happens?” by taking a more in depth look at data.

Analysis 

3- Exploratory Analysis:-

Exploratory Analysis involves examining or exploring the case and finding the relationship between variables or facts that were known.

4- Inferential Analysis:-

Inferential Analysis involves using a small sample of data to infer information about a larger population of data.

5- Predictive Analysis:-

Predictive Analysis involves using historical or current data to find patterns and make prediction about the future.

6- Casual Analysis:-

Casual Analysis looks at the cause and effects of relationship between facts and is focused on finding the cause of correlation

7- Mechanistic Analysis:-

Mechanistic Analysis is used to understand exact changes in variables that lead to other changes in other variables.

8- Perspective Analysis:-

Perspective Analysis compiles insights from other previous data analysis and determines action that teams or companies can take to prepare for predicated trends.