Descriptive statistics

Concept and definition

Descriptive statistics

What is Descriptive statistics?

Descriptive statistics is a branch of statistics that focuses on the collection, organisation, analysis and presentation of data. It is used to describe and summarise numerical and categorical data in a clear and concise manner.

Descriptive statistics can be used in artificial intelligence and machine learning to explore and understand a dataset before applying more advanced analysis techniques. Some of the most common descriptive statistics measures are mean, median, mode, standard deviation and range. These measures provide information about the distribution, centrality and variability of the data.

Descriptive statistics can also include the construction of graphs and charts to help visualise data effectively. Some of the most common graphs are histograms, box and whisker plots and scatter plots.

Unlike inferential statistics,which seeks to draw conclusions, descriptive statistics seeks only a simple description of the data.

« Back to glossary

Do you want to get in touch?

CDRs contain data that a telecommunications company collects about phone calls, such as time and length of call. This data can be used in analytical applications.
Fill the form
Share:
How to detect delinquent customers and avoid defaults? 10 signs of delinquency

As a consequence of this pandemic and economic situation in which we have found ourselves for the last two years, with the intention of better protecting the [...]

Read More »
Thermonuclear fusion: Artificial intelligence from the frontiers of science to customer segmentation

Cheap, infinite, safe and clean energy Artificial Intelligence from Thermonuclear Fusion research to sales generation or [...]

Read More »
4 keys to identify customer needs

In order to identify the customer's needs, it is necessary to know their opinion, as this helps to detect where you should improve, what acceptance you [...]

Read More »
How to increase a company's sales

All businesses usually plan for annual growth, although not all of them achieve it. Increasing the sales of a company in 2022 is [...]

Read More »
See more entries
© Gamco 2021, All Rights Reserved - Legal notice - Privacy - Cookies