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Univariate Analysis  – Islamic Finance

Univariate Analysis 

What is Univariate Analysis?

Univariate analysis is the simplest form of analyzing data. “Uni” means “one”, so in other words your data has only one variable. It doesn’t deal with causes or relationships (unlike regression ) and it’s major purpose is to describe; It takes data, summarizes that data and finds patterns in the data.

What is a variable in Univariate Analysis?

A variable in univariate analysis is just a condition or subset that your data falls into. You can think of it as a “category.” For example, the analysis might look at a variable of “age” or it might look at “height” or “weight”. However, it doesn’t look at more than one variable at a time otherwise it becomes bivariate analysis (or in the case of 3 or more variables it would be called multivariate analysis).

 

Click To Download Handbook of univariate and multivariate data analysis and interpretation with SPSS

Usually SPSS software is used  for this analysis.

Stages of Univariate Analysis

  1. Bar graphs, Pie Charts of Demographic attributes: You must explain your data at first stage. How to do that ? Click here

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