Stage of data analysis

Question 1

The stages of data analysis

Answer 1

Identify the need
Define the scope
Identifying potential sources
Source and select information
Select the most appropriate tools
Process and analyse data
Record and store information
Share results

Question 2

Identify the need

Answer 2

Identifying the need is all about what we are trying to find out, what information is needed and setting objectives.

Question 3

Define the scope

Answer 3

Defining the scope refers to the data you would need to answer your questions, deciding what to measure such as budget, timescale, constraints, content and how to measure it.

Question 4

Identifying potential sources

Answer 4

Identifying potential sources refers to identifying sources of information you could use and data sets already available. Examples are sales figures and customer surveys.

Question 5

Source and select information

Answer 5

Source and selecting information excludes unsuitable information and verifies the sources are valid and trustworthy, accurate and reliable.

Question 6

Select the most appropriate tools

Answer 6

Selecting the most appropriate tools refers to the number of ways information can be presented. Examples are charts, graph, trend analysis and regression.

Question 7

Process and analyse data

Answer 7

Process and analyse data relates to manipulating data in detail to answer the question(s) set out at the start. Examples include sort and filter and analyse trends.

Question 8

Record and store information

Answer 8

The record and store information stage is all about interpreting and recording about your results. If your interpretation of the data holds up under all of the questions set out, then you have a productive conclusion.