In the
modern era data is vital for any business hence, all the companies launch their
product keeping in mind the data which they collect from different resources,
even the projection of revenue is dependent on the data forecasting.
Since with MBA you would be transformed as a
budding manager who will join a company and over there it will be the Data
primary or secondary, you would be dealing with Data day in and day out.
Because of
the obvious reason of the above, Data Interpretation is the section which is
common to all MBA entrance examinations
hence, it is important and crucial to understand interpretation of the Data.
Data Interpretation
is mostly given in tabular form or in pie charts and graphical presentations,
we need to understand in a calculative manner and interpret the Data.
Data
although a numerical format and can be understood while observing the comparison
of the data with the commonsense and then put a hypothesis into that before calculating
the Data.
The other
area of Data Interpretation is that it needs to be done with crucial accuracy
along with the speed and for this matter you need to be at your best at the
fundamentals of arithmetic of the percentages and numbers.
Data Interpretation requires a constant practice and in
the absence of any formulas, interpretation of the Data can be hypothecated
with multi dimensional conclusions hence, you need not bother about the
understanding of the Data from the others point of you but you need to stick to
your own reasoning and present the data a per your hypothesis.
Idea of Data
Interpretation is that what is that which convinces you to interpret the Data
but a constant factor remains the source and credibility of Data.
