What is Statistical Analyses?
Ans. When there are number of observations on a set of dependent and independent variables and one wishes to establish relationship in order to understand the likely behavior in the near future, different statistical techniques can be applied to understand relationship between the variable over time. In short the variable behavior and dependency between them as well as likely behavior in the future, the regression (linear or non-linear) analysis is performed. There have large number of statistical techniques available such as factor Analysis, Multi variate analyses, Canonical analysis; Design of Experiments; Analysis of variance (ANOVA) etc.
