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Practical Data Analysis

You're reading from   Practical Data Analysis For small businesses, analyzing the information contained in their data using open source technology could be game-changing. All you need is some basic programming and mathematical skills to do just that.

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Product type Paperback
Published in Oct 2013
Publisher Packt
ISBN-13 9781783280995
Length 360 pages
Edition 1st Edition
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Author (1):
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Hector Cuesta Hector Cuesta
Author Profile Icon Hector Cuesta
Hector Cuesta
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Table of Contents (24) Chapters Close

Practical Data Analysis
Credits
Foreword
About the Author
Acknowledgments
About the Reviewers
www.PacktPub.com
Preface
1. Getting Started FREE CHAPTER 2. Working with Data 3. Data Visualization 4. Text Classification 5. Similarity-based Image Retrieval 6. Simulation of Stock Prices 7. Predicting Gold Prices 8. Working with Support Vector Machines 9. Modeling Infectious Disease with Cellular Automata 10. Working with Social Graphs 11. Sentiment Analysis of Twitter Data 12. Data Processing and Aggregation with MongoDB 13. Working with MapReduce 14. Online Data Analysis with IPython and Wakari Setting Up the Infrastructure Index

Quantitative versus qualitative data analysis


Quantitative and qualitative analysis can be defined as follows:

  • Quantitative data: It is numerical measurements expressed in terms of numbers

  • Qualitative data: It is categorical measurements expressed in terms of natural language descriptions

As shown in the following figure, we can observe the differences between quantitative and qualitative analysis:

Quantitative analytics involves analysis of numerical data. The type of the analysis will depend on the level of measurement. There are four kinds of measurements:

  • Nominal: Data has no logical order and is used as classification data

  • Ordinal: Data has a logical order and differences between values are not constant

  • Interval: Data is continuous and depends on logical order. The data has standardized differences between values, but does not include zero

  • Ratio: Data is continuous with logical order as well as regular interval differences between values and may include zero

Qualitative analysis can explore the complexity and meaning of social phenomena. Data for qualitative study may include written texts (for example, documents or email) and/or audible and visual data (for example, digital images or sounds). In Chapter 11, Sentiment Analysis of Twitter Data, we present a sentiment analysis from Twitter data as an example of qualitative analysis.

You have been reading a chapter from
Practical Data Analysis
Published in: Oct 2013
Publisher: Packt
ISBN-13: 9781783280995
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