Managing Data

Effectively managing financial data helps in making informed decisions. We will explore some methods and terminologies:

1.) Tabular and Graphical Presentations:

• • Bar Graph: Visual representation using rectangular bars to compare data points.

  • Pie Chart: Circular chart representing data proportions as slices of a pie.

2.) Descriptive Measures:

• • Measure of Central Tendency: Mean, Median, and Mode, representing the center of a data set.

  • Measures of Dispersion: Range, Variance, and Standard Deviation, indicating the spread of data.

  • Measure of Relative Position: Percentile, Quartile, and Decile, comparing data points to the entire data set.

  • Measure of Shape: Skewness and Kurtosis, describing the shape of the data distribution.

  • Measure of Correlation: Pearson Correlation Coefficient, determining the relationship between two variable