From the course: Critical Thinking

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How to successfully conduct analysis

How to successfully conduct analysis

From the course: Critical Thinking

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How to successfully conduct analysis

- Critical thinking doesn't just apply to the analysis you do, it applies to the way you do analysis. Choosing which analysis to do and how to handle the results that come out. I encourage people to take the high road and the low road when they're thinking about analysis. On the high road, always step up to the high level problem that you're trying to solve and ask, how does the analysis I'm doing tied to that problem? What am I proving or disproving with the data that I'm analyzing? Estimate the benefit of even doing the analysis before you start pulling data. Is it going to be beneficial? Will this analysis help me answer the ultimate question that I'm trying to solve? Use the 80/20 principle and back of the envelope types of calculations to ask, will these numbers have any impact? If they will, continue with the analysis, if they won't, don't do the analysis, you don't have the time. And once you've…

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