data analysis

Definition

The process of extracting, compiling, and modeling raw data for purposes of obtaining constructive information that can be applied to formulating conclusions, predicting outcomes or supporting decisions in business, scientific and social science settings.

Use data analysis in a sentence

Once the data analysis was over, we would have a better understanding of what was going on in our company.

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The data analysis concluded that the patterns that existed were meaningful and could be used to project the future investment climate.

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Kevin decided to perform data analysis to find the average height of his classmates. He collected the heights of all the fifth graders he went to school with. The height in this case is the data. He analyzed the data and found that the average height of the fifth graders in his class was 5 feet. The analysis was when he interpreted the data to find the average.

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