Information Technology Reference
In-Depth Information
same results would be obtained by any person when the experiment is repeated.
Scientific analysis helps us in understanding the ''why'' of a situation.
3. Statistical analysis—this analysis aids us in understanding and drawing
inferences from a mass of data. Statistical analysis can be performed only on
numeric data. Most people are acquainted with statistical analysis, at least to the
extent of using averages. It uses measures like measures of central tendency,
measures of dispersion, skewness and measures of correlation. It has a number
of analysis techniques including correlation analysis, time series analysis, and
trend analysis. It has a number of tests such as goodness of fit, hypothesis
testing, variance testing and so on. It facilitates determining the probability of
occurrence of events. It is one of the most extensively used analyses in physical
as well as social sciences.
4. Mathematical analysis—using proven mathematical formulas, we analyze the
expected behavior of complex systems. One of the easier examples to under-
stand includes the behavior of buildings under various stresses such as earth
quakes, tornadoes, and floods. Another is evaluating the behavior of ships and
aircraft before building them. It is popularly referred to as ''simulation''. It is
extensively used in product design in all fields including construction, manu-
facturing as well space exploration.
5. Medical analysis—in medical analysis, a patient's condition is analyzed in
comparison to a healthy person. The analysis consists of evaluating the
symptoms, parameters and diagnostic procedures to aid the medical practitioner
to draw inference about the patient's condition. Symptoms act as requirements
based on which, further diagnostic procedures are carried out to precisely
determine the patient's condition and then using the results, treatment is
determined and administered.
6. Market analysis—market analysis consists of analyzing the market for a
product or an organization. It would analyze the data using statistical methods
to ascertain the present market share in terms of the sales and geographical
regions. It would also ascertain the relative position of the product or organi-
zation in customer perception. Other market analysis using statistical analysis
methods include ascertaining the customer needs for a geographical area,
demographic analysis, target market analysis, market growth/decline rate,
benchmarking of the product or service in terms of pricing and profitability and
so on.
7. Situational analysis—I think that every one of us carry out this analysis almost
every day. Whenever we come across a situation that is not to our liking, we
analyze it and draw inferences. But to carry out this analysis properly, we need
to have a standard or accepted process. In social situations, we use the standards
of behavior to analyze the situation; in religious matters, we use the religious
scriptures; in organizational matters, we use organizational process. We com-
pare the situation with the standard situation and draw inferences. These
inferences lead to actions.
8. SWOT analysis—this is one analysis most of us are familiar with. We enu-
merate the strengths, weaknesses, opportunities and threats for any given
Search WWH ::




Custom Search