© The Author(s), under exclusive license to APress Media, LLC, part of Springer Nature 2022
R. OkunevAnalytics for Retailhttps://doi.org/10.1007/978-1-4842-7830-7_7

7. Hypothesis Testing and Interpretation of Results

Rhoda Okunev1  
(1)
Tamarac, FL, USA
 

Hypothesis tests define why you are conducting statistical analysis and what particular meaning the results have for the study being conducted for your company. The findings of the statistical tests answer the business questions that are being researched. However, for this to be accomplished, the objectives of the study need to be clearly defined.

This cannot be emphasized enough. The researcher needs to understand what the storyline is for their research at hand. In other words, what are the business ...

Get Analytics for Retail: A Step-by-Step Guide to the Statistics Behind a Successful Retail Business now with the O’Reilly learning platform.

O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.