Quick Glossary: Statistics
For most modern enterprises, successful competitive analysis and business intelligence depend on collecting and analyzing a lot of data.
To turn that data into useful and actionable information for decision-makers, enterprises often use some form of statistical analysis.
This list of terms and concepts, from TechRepublic Premium, will help you get a general handle on statistics, even if you have never been trained in the actual science.
From the glossary:
A categorical variable represents an observable characteristic that categorizes subjects into distinct groups or classes based on specific attributes or characteristics they possess. Unlike numerical variables, which contain quantitative data, categorical variables involve qualitative data and can be expressed in non-numeric terms.
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