Chapter 1 Vocabulary Stat and Bus Decision Making

variable whose categorical values possess some kind of order

• Record

• Ordinal variable

• Metadata

• Big Data

several variables all measured at one point in time

• Identifier Variable

• Respondent

• Relational Database

• Cross-sectional data

categorical variable that records a unique value for each case

• Identifier Variable

• Experimental Unit

• Respondent

• Data

a person who provides data for analysis by responding to a survey questionnaire

• Metadata

• Experimental Unit

• Respondent

• Nominal Variable

numeric; can be represented numerically (Ex: height, age), has units

• categorical variable

• ordinal variable

• data

• Quantitative Variable

standard quantities used to specify measurements like dollars, hours, inches

• Units

• Variable

• Data Table

• Time series

A person that is apart of a study

• Experimental Unit

• Participant

• Respondent

• Variable

Data related to events such as a purchase

• Transactional Data

• Time Series Data

• Cross-sectional data

• record

use of statistical and other software to discover non obvious patterns in data

• Data mining

• Metadata

• Spreadsheet

• Relational Database

describes any use of statistical analysis to drive business decisions from data

• Business Analytics

• Case

• Context

• Data Table