Analytics delves deep into data to extract meaningful insights. As the realm of analytics expands, understanding its key terminologies becomes paramount. Here, we introduce the top 30 words related to analytics, beginning with the most pivotal.
Words Related to Analytics
Here are the top 30 terms related to analytics with meanings:
- Data: Raw, unorganized facts or figures without context.
- Insight: Deep understanding or revelation drawn from analyzing data.
- Algorithm: Set of rules or processes to solve problems.
- Statistics: Mathematical study of data and its properties.
- Predictive: Foreseeing future trends based on data.
- Visualization: Representing data graphically, e.g., charts or graphs.
- Big Data: Vast datasets often requiring specialized tools.
- Analysis: Detailed examination of data’s elements or structure.
- Metrics: Measurements or standards for performance evaluation.
- Modeling: Creating a representation (often mathematical) of a system or situation.
- KPI (Key Performance Indicator): Metrics critical to business success.
- Segmentation: Dividing data into distinct subsets.
- Dimension: Aspect or feature of data, like time or geography.
- Dashboard: Visual display of key data metrics a glance.
- Correlation: Relationship between two sets of data.
- Regression: Statistical method predicting variable relationships.
- Qualitative: Data related to qualities, not numbers.
- Quantitative: Data expressed in numbers.
- Sampling: Selecting a subset of data for analysis.
- Outlier: Data point significantly different from others.
- Descriptive: Detailing what the data is showing.
- Bias: Systematic errors in data collection or interpretation.
- Normalization: Adjusting data to a standard scale.
- Forecasting: Predicting future outcomes using historical data.
- Clustering: Grouping data points with similar characteristics.
- Variable: Element, feature, or factor that can vary.
- Anomaly Detection: Identifying unusual patterns in data.
- Categorical: Data divided into categories or groups.
- Machine Learning: Algorithms allowing computers to learn from data.
- Pattern Recognition: Identifying regularities or trends in data.
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