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Descriptive Statistics

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A Concise Guide to Market Research

Part of the book series: Springer Texts in Business and Economics ((STBE))

Abstract

We first provide an overview of market research’s workflow. We then discuss efficient strategies to help you structure your project’s database, as well as enter, clean, and easily check the collected data for inconsistencies. In addition, we provide easy strategies that allow you to handle missing data observations before we describe the most common and useful univariate and bivariate descriptive graphs and statistics. Thereafter, we take you through the basics of SPSS and provide useful tips on how to create and interpret descriptive statistics and table outputs. A range of graphs is illustrated and applied in SPSS, including bar charts, histograms, box plots, pie charts, frequency tables, scatter graphs, crosstabs, and correlation tables, all of which are useful for differently scaled variables. We make use of a case study for an easy and meaningful interpretation of the graphs and table outputs. We conclude with recommendations for further readings and a case study with review questions.

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Notes

  1. 1.

    Alternatively, you could also choose one of the many control system versions, including Subversion, Git, and Mecurial, which enable simple branching and project management. These systems work well with version control in centralized and in distributed environments.

  2. 2.

    There are multivariate techniques that consider three, or more, variables simultaneously in order to detect outliers. See Hair et al. (2019) for an introduction, and Agarwal (2013) for a more detailed methodological discussion.

  3. 3.

    For more information on missing data, see https://www.iriseekhout.com

  4. 4.

    The mode is another measure. However, unlike the median and mean, it is ill-defined, because it can take on multiple values. Consequently, we do not discuss the mode.

  5. 5.

    A similar type of chart is the line chart . In a line chart, measurement points are ordered (typically by their x-axis value) and joined with straight line segments.

  6. 6.

    Note that the terms n1 in the numerator and denominator cancel each other and are therefore not shown here.

  7. 7.

    The logarithm is calculated as follows: If x = y b, then y = logb(x) where x is the original variable, b the logarithm’s base, and y the exponent. For example, log 10 of 100 is 2. Logarithms cannot be calculated for negative values (such as household debt) and for the value of zero.

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Sarstedt, M., Mooi, E. (2019). Descriptive Statistics. In: A Concise Guide to Market Research. Springer Texts in Business and Economics. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-662-56707-4_5

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