ELI5: Explain Like I'm 5

Statistical analysis

Statistical analysis is a way to look at a set of data and find patterns in it. It helps us to better understand the data and make predictions about what might happen in the future. For example, we might look at a set of sales figures from a shop and use statistical analysis to see if the sales are increasing or decreasing over time. With this information, we can make predictions about how the shop might do in the future.