Posts

Showing posts with the label multivariate analysis

Univariate, bivariate and multivariate analysis

  Univariate  analyses  are descriptive statistical analysis techniques which can be differentiated based on the number of variables involved at a given point of time. For example, the pie charts of sales based on territory involve only one variable and can the analysis can be referred to as univariate analysis. The  bivariate  analysis  attempts to understand the difference between two variables at a time as in a scatterplot.  For example, analyzing the volume of sale and spending can be considered as an example of bivariate analysis. Multivariate analysis  deals with the study of more than two variables to understand the effect of variables on the responses.