To improve how businesses use unstructured data, leaders should follow a series of steps that begin by addressing ...

An analyst makes this determination by using statistical hypothesis testing. The test provides a p-value, which is the probability of observing results as extreme as those in the data assuming the ...

A p-value is a statistical measurement used to validate a hypothesis against observed data. A p-value measures ... reports by government agencies. For example, the U.S. Census Bureau stipulates ...

Continuous data are data which can take any values. Examples include time ... before they can be represented in a frequency table or statistical diagram. When choosing groups for the data ...

Businesses should monetize data in any and all ways in which it can generate measurable economic value, internally or ... and a price premium . For example, a forecasting tool that has access ...

Each vertical column in the chart represents one data value, with the height of the column denoting the frequency of the value. For example, if you want to compare monthly employee sales ...

I write about how to drive more value with data ... People hear statistics, but they feel stories. This subtle but important difference pays dividends for data storytellers in a few key ways ...

An example of independent binary data is a predictor variable, sex, which can take one of two values: "male" or "female." For such data I recommend encoding the two possible values as -1.0 and +1.0: ...