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# What is statistical analysis?

**Statistical analysis is the science of processing large amounts of data to uncover patterns and trends.** Statistical analysis is useful for predicting future trends, identifying top-selling products and determining the lowest-performing employees.

There are four basic steps to statistical analysis. First, identify the problem by asking a question answerable through statistical data. Next, implement a data collection process, such as interviews, observations or experimentation. Organize the data collected into a manageable form, such as a graph. Then, analyze and summarize the data, emphasizing trends and looking for strengths and weaknesses. Finally, interpret the data to find an answer to the original problem.

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## How do you use R-squared for linear regression analysis?

A: R-squared is used for linear regression analysis by transforming the dependent variable in a regression model that is fitted to a particular set of data. I... Full Answer >Filed Under: -
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## How do you perform a univariate analysis of variance?

A: The univariate approach to the analysis of variance typically starts with the arrangement of data in a table where the columns represent the different trea... Full Answer >Filed Under: -
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## What are AP statistics?

A: Advanced Placement, or AP, Statistics is an accelerated high school course involving the collection, analysis and interpretation of mathematical data. This... Full Answer >Filed Under: -
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## How are statistics used in computer science?

A: Statistics in computer science are used for a number of things, including data mining, data compression and speech recognition. Other areas where statistic... Full Answer >Filed Under: