It is the process of making data more useful and more understandable through the aid of pie charts, bar graphs, pictograms etc. Statistical analysis is widely used for academic researches. It summarizes key information from massive sets of data in simplified diagrams thus providing a pictorial view of the entire data. It pictographically depicts key insights about a dataset which may just be the best way to answer your questions before interpreting data. In general, statistics will help to spot trends that escape notice without these methods. The analysis also injects objectivity into decision-making and with good statistics, intuition-based decisions become almost obsolete.
