Elizabeth "Smalls" Eckels
asked on
What statistical method/formula can be used for Range and Trend?
I have a set of data (attached) which shows the volume of web traffic by Country, trended weekly. I'm trying to learn/find a statistical method that help me analyze the data in the following way:
Are there statistical formulas to help understand this?
- How much does it change? (Max, Min) -- I actually don't need an answer to this, I know how to do it, just reference for the second question below
- What is it's normal range? (Normal highs and lows, not maximums/minimums)
- What is the trend? (increasing, decreasing)
Are there statistical formulas to help understand this?
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This was really helpful in my thought process, Ian, and it stunned me in a good way. I realized I don't have enough timespan of data to get a reliable trend yet, so I just took a look at the slope over the time period I had. I might be getting back to you with a question down the road though now that I know what I need as inputs :) thanks so much!