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What is the difference between analysis and interpretation?

The key difference between analysis and interpretation of financial statements is that analysis is the process of reviewing and analysing a company’s financial statements to make better economic decisions whereas Interpretation of financial statements refers to understanding what the financial statements indicate.

What are the different types of data analysis?

There are many types of data analysis. Some of them are more basic in nature, such as descriptive, exploratory, inferential, predictive, and causal. Some, however, are more specific, such as qualitative analysis, which looks for things like patterns and colors, and quantitative analysis, which focuses on numbers.

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