What are the key steps in formulating a clear hypothesis?
Crafting a hypothesis is a foundational step in Business Intelligence (BI), which involves the analysis of data to inform business decisions. A clear hypothesis provides direction for data analysis and helps to focus on specific outcomes or relationships. It's essential to understand that a hypothesis is a testable statement that predicts a possible explanation to a problem or a relationship between variables. As you embark on formulating a hypothesis, you must be precise and ensure that it can be tested through data analysis.