Statistical Data Analysis Services

Conjoint analysis  is a statistical technique which helps to form subsets of all possible combinations of the characteristics present in the target product. These characteristics used to determine the product’s buying choice. Conjoint analysis works on the conviction that when studied together, the relative values of the attributes are calculated better than in segregation. Statswork is one among the country’s leader in providing  Data Analysis   and Statistical Consulting Services.  Contact Statswork for availing our services . The process provides information about the perception of the consumer about certain brand or brand profile characteristics and evaluates such characteristics by assigning certain levels to each characteristic. The researcher is presented with a questionnaire form called the stimuli, which consists of a set of questions that reflect different characteristics of a brand as options that consumers select as they respond to the questionnaire...

Data plays an important role in any research or study conducted. It aids in bringing about a breakthrough in the respective field as well as for future researches. The collection of data is carried out in two forms viz: Qualitative Data and Quantitative Data which includes further bifurcation under it. What is Qualitative Data? Qualitative research can be defined as the method of research which focuses on gaining relevant information through observational, open-ended and communication method. They are more exploratory which concentrates on gaining insights about the situation and dig a bit deeper to find the underlying reason. The central idea behind using this method is to find the answer to Why and How rather than How many. Data gathered during qualitative research is what is termed as qualitative data. What is the purpose? A qualitative data is non-numerical and more textual which comprises mostly of images, written texts, recorded audios and spoken words by people. M...

Quantitative data are the quantifiable, numerical data which can be processed using Statistical data analysis services principles and number theory. Quantitative data helps produce conclusive evidence for proving or disproving a hypothesis. Quantitative data collection  relies on sampling and structured data collection instruments that help collect information in preordained brackets. These methods give us data that is easy to understand, compare and draw conclusive evidence. Quantitative research tests hypothesis obtained from theory and estimating results, later carrying out the research.  Depending on the question, the researcher collects data on a varied audience to collect first-hand data which will be processed subsequently. The researcher employs sampling to select the audience who will be the contributors to the data collection. Some  quantitative data collection  methods offer incentives to the audience to get genuine answers. Some of...