What is a hypothesis?
An assumption predicting variable relationships, tested scientifically and explain it
What is useful but less formal in data analysis?
Hypothesis
When does a hypothesis come?
After defining the problem statement
What does a hypothesis define?
Context, goal, scope, and variables of analysis
What does a hypothesis describes?
What you are trying to understand, compare, or test
What does a hypothesis identifies?
variables, data requirements, and clients involved
What is a problem statement?
A concise description of an issue needing data analysis
What does a problem statement set?
The objective and required variables for analysis( Footer : Helps us understand why the anlysis is significant )
What are hypothesis components?
Independent variables (inputs) and dependent variables (outputs)
What is an independent variable (IV)?
A dataset feature controlled or varied by the analyst
What is a dependent variable (DV)?
The target outcome influenced by independent variables
Why understand hypothesis components?
To determine needed variables and analysis scope
What is important to define for hypothesis?
Defining the target outcome to measure
List out all the steps in Hypothesis Development
Step 1 in hypothesis development?
Ask a focused, specific and researchable question, form a problem statement
This sets the scope of the project
Step 2 in hypothesis development?
Conduct preliminary research from problem statement to identify variables and facilitates assumptions of the relationship
What is required for preliminary research?
Problem Statement
Step 3 in hypothesis development?
Formulate a draft hypothesis from research insights
Step 4 in hypothesis development?
Refine hypothesis to be specific and testable which should be written with respect to relevant variables, group of interest and predicted output of the study
Step 5 in hypothesis development?
Phrase hypothesis by highlighting IVs ( Independent ) and DVs ( Dependent )
Step 6 in hypothesis development?
Write the null hypothesis which serves as the default position assuming no correlation between variables tested
What is a simple hypothesis?
Relationship between 1 IV and 1 DV
Example of simple hypothesis?
More discounts (IV) will increase sales (DV)
What is a complex hypothesis?
Relationship among multiple IVs and one DV