Saturday, January 12, 2013

Unequal Bucket Comparison

                   JARGON                   

When comparing buckets of unequal size of two different times, its necessary to normalize them to the same size. Otherwise the comparison will be biased and so will be the analysis.


In such cases normalization rules need to be followed to convert the unequal sized buckets of different times to equal sized buckets of different times.


One simple procedure is to convert the absolute numbers to percentage (relative terms).



 JARGON 



Note : For comparing multiple buckets of multiple times, use ANOVA......Suggestion by Riddhiman.....


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