Business Analysts can also use some basic statistical sampling concepts when defining the performance measures. Some of these basic concepts are related to the following considerations when formulating performance measures:
- Volume or sample size: If a statistical method is used to analyze performance for a particular solution, it is important that the business analyst considers the sample size or data volume that will be used. A sample size that is too small might skew the results and lead to inaccurate conclusions.
- Frequency and timing: It is important to also consider that the frequency and timing with which measurements are taken may have an effect on the outcome.
- Currency: This consideration ...