JOUR 651 Lecture 21: Metrics-The Basis for Analysis

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Document Summary

When you gather raw information into analytics systems, it turns into a metric for user interaction, dashboard display, and reporting. Things like number of social media fans over time is an example of a simple and straightforward metric. However, metrics can also be complex and display results from formulas, like interaction rate metrics. Line charts can make these things look easy and simple but you need to consider certain calculations in metrics like these. Sometimes, you can group multiple metrics into one and create a new version of the previous product. Things like interaction rate, is an example of a calculation that gave a simple looking line chart. This happened because interactions in the fan base created this. Metrics can become an independent part of an analysts life. As we become more familiar with metrics, we are able to reach insights and come to conclusions a lot faster than before.

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