3.4-satges of data analysis

Question 1

1.Identify the need

Answer 1

objectives are set amd aims must be clear for orginisation

Question 2

2.Define the scope

Answer 2

restrictions are defined such as budget and timescales

Question 3

3.Identify Potential sources

Answer 3

Idenitfy a wide range of sources

Question 4

4.Source and select information

Answer 4

info is gathered from stage 3 sources
anything unsutiable is removed
so data is reliable

Question 5

5.Select the most appropraite tools

Answer 5

EXAMPLES include
1. charts and graphs for visual representation
2. regression analysis for determining relationships
3. Trendsanalysis analysis-shows patterns over time

Question 6

6.Process and analyse Data

Answer 6

it can now be inputted into software eg spreadsheets

Question 7

7.record and store info

Answer 7

Any findings are put into a report

Question 8

8.Share results

Answer 8

shared with stakeholders so findings are not worthless