Statistical Analysis Types
| Analysis Type | Description | Examples | Use Cases / Notes |
|---|---|---|---|
| Distribution Insights | Understand how values are spread across a dataset. | • Distribution of order values • Percentile breakdowns • Revenue concentration (e.g., 80/20 analysis) | Use this to: • Identify skewed data • Spot concentration risk • Understand variability |
| Correlation Analysis | Identify relationships between variables. | • Customer age vs order value • Engagement vs retention • Feature usage vs conversion | Correlation shows relationship, not causation. |
| Outlier Detection | Find anomalies and unusual behavior. | • Transactions far above normal ranges • Customers with abnormal activity • Values outside expected thresholds | Supports: • Percentile-based detection • Standard deviation thresholds |