What are univariate, bivariate and multivariate analysis?

Data Science, AI and ML
#1

Three types of analysis are univariate, bivariate and multivariate.

  • Univariate analysis includes descriptive statistical analysis techniques which you can differentiate on the basis of how many variables are involved. Some pie charts can have a single variable.
  • Bivariate analysis explains the difference between two variables at one time. This can be analyzing sale volume and spending volume using a scatterplot.
  • Multivariate analysis has more than two variables and explains effects of variables on responses.