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How to Use Descriptive Statistics to Talk About Your Data
If you want to learn about analytics, a fundamental skill is how to describe your data. Fortunately, analysts have standard metrics and methods they use to talk about their data. In this article, you’ll learn how to use descriptive statistics to talk about your data. To help organize the material,…
The Core Concept of All Analytics: Variation
I have taught over a thousand students about research methods and data analysis over the past 26 years. When you teach that many students, you begin to pick up on their common stumbling blocks to learning. And one of the biggest stumbling blocks is understanding the core concept of all…
Do You Have the Cash Flow for Analytics?
I was having coffee the other day with an entrepreneur I respect greatly. We were discussing the challenges of small businesses in using analytics and she struck a chord with one statement. “The small businesses that don’t have the cash flow to use analytics will always struggle with the cash…
Correlation Is Not Causation
There is a saying among analysts that correlation is not causation. Chances are, you might have heard this before in a statistics or science course. Yet many professionals continue to misunderstanding these two concepts and how they differ. So let’s clear up any confusion once and for all. What Is…
14 Critical Elements to Build Analytic Capacity
If you landed on this page, you’re at least thinking about what you need to build analytic capacity. Congratulations! That means you are not just ready to succeed but to take your team to next-level performance. To build analytic capacity, you’re going to need to nail down 14 key elements….
Analytic Documentation Is Critical for Your Team’s Success
If you’re in a leadership position, you probably understand that good documentation is really important for any project success. You might have worked with a few Gantt charts, work breakdown structures, burn rates, and budget forecasts. However, if you’re working on an analytic project an entirely different set of documentation…