Question

why is that the use of statistical techniques facilitates sophisticated analyses and allows you to comprehend a huge amount of vital characteristics of quantitative data?​

Answer 1

here is your answer mate:

Even simple statistical techniques are helpful in providing insights about data. For example, statistical techniques such as extreme values, mean, median, standard deviations, interquartile ranges, and distance formulas are useful in exploring, summarizing, and visualizing data.

Answer 2

Statistical techniques unit of measurement to facilitate the refined analysis and permits you to know an outsized amount of great characteristics of quantitative information.

• This can be resolved by different types like Descriptive Analysis, precognitive Analysis, Prescriptive Analysis, beta information Analysis, causative Analysis
• It can assist you verify the monthly, quarterly, yearly figures of sales profits, and costs making it easier to make your choices.
• It will assist you build enlightened and correct choices.
• It will assist you identify the matter or reason for the failure and build corrections. as an example, it'll establish the reason for an increase in total costs and assist you chop the wasteful expenses.
• It will assist you conduct marketing research associated build an economical promoting and sales strategy.
• It helps improve the efficiency of assorted processes.
• The data in chemical analysis could also be analyzed quickly that's why math techniques facilitates refined analysis.

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