Statistical Technique
Statistical technique refers to the use of mathematical and computational methods to analyze and interpret data. It involves the collection, analysis, interpretation, presentation, and organization of data. Statistical techniques are used to make predictions, identify patterns, and test hypotheses. These techniques are widely used in various fields such as business, healthcare, social sciences, and engineering. Some of the commonly used statistical techniques include regression analysis, hypothesis testing, analysis of variance (ANOVA), and cluster analysis. Regression analysis is used to establish a relationship between two or more variables, while hypothesis testing is used to test the validity of a hypothesis. ANOVA is used to compare the means of two or more groups, and cluster analysis is used to group similar objects or individuals together based on their characteristics.
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