?? Descriptive Statistics: Key Metrics for Data Analysis ??

?? Descriptive Statistics: Key Metrics for Data Analysis ??

Descriptive statistics help summarize and understand the main features of a dataset. Here are some key metrics every data analyst should know:

1?? Mean: The average value of the data.

2?? Median: The middle value, splitting the data into two equal parts.

3?? Mode: The most frequently occurring value in the dataset.

4?? Variance: Measures how far data points are spread from the mean.

5?? Standard Deviation: The square root of the variance, showing how much data deviates from the average.

6?? Range: The difference between the highest and lowest values.

These metrics are foundational for understanding data distributions and making informed decisions.

#DataAnalysis #DescriptiveStatistics #Mean #Median #Mode #Variance #StandardDeviation #DataScience #BusinessIntelligence #Analytics

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