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Analyzing Quantitative Data

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78 views

Analyzing Quantitative Data

Uploaded by

FellOut X
Copyright
© © All Rights Reserved
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Analyzing quantitative

data
Introduction
Objectives

By the end of this discussion, students would


able to be know what is quantitative data.
QUANTITATIVE DATA
Quantitative Data
• data that can be quantified.

• measures of values or
counts and are expressed
as numbers.
When do quantitative data become useful?
Quantitative data, in raw form, convey very
little meaning to most people. These data
need to be processed to make them
useful and turning them into information.
How do we turn data into information?
Quantitative analysis techniques such as graphs,
charts and statistics allow us to process data in raw
form, turning them into information; helping us to
explore, present, describe and examine relationships
and trends within our data.
Quantitative Analysis

• Analysis of a situation or
event, especially financial
market, by means of complex
and statistical modeling
Quantitative Analysis

• The process of collecting and


evaluating measurable and
verifiable data in order to
understand the behavior and
performance of a business.
-Corporate Finance Institute
Quantitative Analysis Techniques
Bar Graph

A diagram in which the


numerical values of
variables are represented
by the height or length of
lines or rectangles of
equal width.
Pie Chart

A pie chart is a circular


statistical graphic, which is
divided into slices to
illustrate numerical
proportion
Histogram

Graphical display of data


using bars of different
heights. It is similar to a Bar
Chart, but a histogram groups
numbers into ranges . The
height of each bar shows how
many fall into each range
What are the things you need to consider in
undertaking quantitative data?
1) Type of data (level of numerical measurement);
2) Format in which your data will be input to the
analysis software;
3) Impact of data coding on subsequent analyses
(for different data types);
4) Need to weight cases;
5) Methods you intend to use to check data for errors.
DATA TYPES
Quantitative data can be divided into two distinct groups

Categorical Data Quantifiable Data

refer to data whose values cannot are those whose values are
be measured numerically but can be measured numerically as
either classified into sets quantities.
(categories) according to the
characteristics that identify or
describe the variable or placed in
rank order.
Categorical Data

Descriptive/Nominal Data

simply count the number of occurrences in each


category of a variable.

Rank/Ordinal Data

more precise form of categorical data by knowing


the relative position of each case within a data set.
Quantifiable Data

Interval Data or Ratio Data

Continuous Data or Discrete Data

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