Data Analytics and Statistics

Raw data is a group of values that you can extract from a source. It becomes useful when it is processed to find different patterns in the data that was extracted. These patterns, also referred to as information, help you to interpret the data, make predictions, and identify unexpected changes in the future. This information is then processed into knowledge.

Knowledge is a large, organized collection of persistent and extensive information and experience that can be used to describe and predict phenomena in the real world. Data analysis is the process by which you convert data into information and, thereafter, knowledge. Data analytics is when data analysis is combined with making predictions.

There are several data analysis techniques available to make sense of data. One of them is statistics, which uses mathematical techniques on datasets.

Statistics is the science of collecting and analyzing a large amount of data to identify the characteristics...