Analysis of quantitative data using statistical methods

UDC 311
DOI: 10.36871/u.i.k.2024.08.01.008

Authors

Alexey A. Asryan,
O. E. Kutafin Moscow State Law University (MSAL)
Scientific supervisor: Lela V. Chkhutiashvili

Abstract

The article reveals the issues of quantitative data analysis using statistical methods. There are many methods of statistical data processing that differ in the accuracy of analysis and the volume of acceptable values in the sample, which help to measure the spread of values, establish cause-and-effect relationships and assess factors affecting the performance of organizations, and contribute to the formation of a strategy for their development. Correlation analysis is one of the most commonly used methods.

Keywords

methods of statistical data processing, correlation studies, assessment of factors, cause-and-effect relationships, result of activity, formation of a development strategy.