These are descriptive statistical analysis techniques that can be differentiated based on the number of variables involved at a given point in time. For example, the pie charts of sales based on territory involve only one variable and can be referred to as univariate analysis.
If the analysis attempts to understand the difference between 2 variables at the time as in a scatterplot, then it is referred to as bivariate analysis. For example, analyzing the volume of sales and spending can be considered as an example of bivariate analysis.
Analysis that deals with the study of more than two variables to understand the effect of variables on the responses is referred to as multivariate analysis.
