What are some of the measures of central tendency we can use

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Reference no: EM133464101

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The discussions on descriptive, predictive, and prescriptive analytics have been good. Descriptive analytics typically use measures of central tendency and measures of dispersion. Measures of central tendency tell you where the data is located while measures of dispersion tell you how the data is spread out. Think about a horizontal number line. The measures of central tendency tell you where the data set is centrally located on the line. The measures of dispersion tell you how much the data is spread out on the line.

Question 1. What are some of the measures of central tendency we can use to describe a set of data?
Question 2. What are some of the measures of dispersion we can use to describe a set of data?

Reference no: EM133464101

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