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What is statistical software?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Statistical software is specialized software used to generate statistics and analysis. It can collect, analyze, and visually display data to help users gain insights from data and make decisions. It can also be used as a tool for forecasting and approach planning.
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What is a specification sheet?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A specification document is a document created by a customer to provide a software developer with a description of the requirements for a new software product. It contains a detailed list of the functions that the product should fulfill, along with specifications that serve as guidelines for the developer. The specification sheet is an important tool that enables the developer to understand the customer's requirements and create the software accordingly.
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What is a research project?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A research project is a systematic and structured approach to exploring a particular topic or problem. It may consist of a combination of research methods, including experimental studies, surveys, interviews, literature studies, data analysis, and more. A research project has the goals of identifying, understanding, and solving.
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What is a graph?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A graph is a mathematical structure that represents a set of objects (nodes) and connections between them (edges). A graph can be used to organize and visualize data, for example, in a graph form. Graphs are useful in many areas of computer science and everyday science, such as network topology, route planning, data analysis, and machine learning.
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What are Business Analytics?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Business analytics is a collection of techniques, methods, and processes used to collect, analyze, and interpret large amounts of data to make better decisions for businesses. It can help identify trends and pattern recognition that affect a company's performance and measure the results of investments. Business analytics can also help create a better understanding of customer needs to increase sales and improve customer satisfaction.
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