Chapter 5 - Analysis Techniques Flashcards
What is the first step to understanding the business objectives and desired outcomes?
Reviewing the business questions
This ultimately enables you to understand the scope of your analysis
What do you need to understand BEFORE you start analysis?
The business objectives and desired outcomes.
Business questions being asked for larger initiatives are typically in the form of what?
A written requirements document
it’s a good idea to maintain which document as you go about your work?
maintaining of the requirements document
You should also maintain a log of what as a valuable aid?
A log of scope changes
(Changes of what though?)
what’s the difference between trend and performance analysis?
Trend analysis seeks to identify patterns over time and performance analysis is measuring performance against set goals.
Combining which types of analysis can help develop projections into the future?
Trend and Performance analysis
What type of visual analysis explores relationships between individual observations?
Link-analysis
You may get many data sets you need to look at. When first exploring a dataset, what type of analysis should you conduct? Why?
Exploratory Data Analysis.
So that you understand the data and it helps prepare it for further modelling and hypothesis testing
What type of analysis is the first step you should take to understand the data giving you context for further analysis and hypothesis testing?
Exploratory Data Analysis
getting data into a tabular format
validating data types
checking missing data
identifying outliers
summarizing statistics
choosing which distribution to use
These are all steps in what kind of data analysis?
Exploratory Data Analysis
Exploratory data analysis uses what kind of statistics to understand datasets?
Descriptive statistics
The business has produced a requirements document that asks the business questions, what do you do next?
Develop a list of clarifying questions for the requirements.
This will help to define the scope of your analysis
the study of a present state, desired state, and the gaps between the two.
Gap Analysis
includes measurable tasks needed to meet the desired end state
Project Scoping
