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In this video we'll look at what metrics are used for and talk about how to pick a good metric.
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But usually, the data analysis
process starts in management.
0:00
Leaders of the company have goals for
where they like the company to be.
0:03
And to make sure they hit those goals,
leaders keep track of various variables.
0:06
For example, among other things, a
manufacturing company would probably keep
0:11
track of expenses,
defect rates and employee hours.
0:15
And they probably track
these things over time.
0:19
That way it's easy to see how things
are changing and measure performance.
0:21
When you use a variable to measure
something, it turns into a metric.
0:26
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