Multivariate-data-analysis-Scholarly-journal-

Multivariate-data-analysis-Scholarly-journal-

Multivariate Data Analysis is a statistical technique used to analyse data that originates from more than one variable. These variables are nothing but prototypes of real time situations, products and services or decision making involving more than one variable. In this era of information, although we have data available in abundance and the technology needed to obtain a distinct depiction of current status is present, it is still a challenge to develop intelligent decisions. Multivariate Analysis is mostly concerned with two areas descriptive and inference statistics. In descriptive area we often get best linear combination of variables that are mathematically docile, whereas an inference is an educated guess, specifically used to save analysts time from digging too deep into the data.


Last Updated on: Nov 27, 2024

Global Scientific Words in Pharmaceutical Sciences