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Data Analysis Techniques

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Data Analysis

Techniques
Data Analysis Techniques

• The third aspect of primary quantitative research


is data analysis. After the collection of raw data, there
has to be an analysis of this data to derive statistical
inferences from this research. It is important to relate
the results to the objective of research and establish
the statistical relevance of results.
• It is important to consider aspects of research which were not
considered for the data collection process and report the difference
between what was planned vs. what was actually executed.
• It is then required to select precise statistical analysis method such
as SWOT, Conjoint, Cross-tabulation, etc. to analyze
the quantitative data.
SWOT Analysis

•  SWOT Analysis stands for the acronym of Strengths,


Weakness, Opportunities, and Threat analysis.
Organizations use this statistical analysis technique to
evaluate their performance internally and externally to
develop effective strategies for improvement.
Conjoint Analysis

• Conjoint Analysis is a market analysis method to learn


how individuals make complicated purchasing
decisions. Trade-offs are involved in the daily activities
of an individual, and these reflect their ability to decide
from a complex list of product/service options.
Cross-tabulation

• Cross-tabulation is one of the preliminary statistical market


analysis methods which establishes relationships, patterns,
and trends within the various parameters of the research
study.
TURF Analysis

•  TURF Analysis, an acronym for Totally Unduplicated


Reach and Frequency Analysis, is executed in situations
where the reach of a favorable communication source is to
be analyzed along with the frequency of this
communication. It is used for understanding the potential of
a target market.

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