Statistical analyses are classified based on the number of variables processed at a given time.
Univariate analysis : This analysis deals with solving only one variable at a time.
Example : Sales pie charts based on territory.
Bivariate analysis : This analysis deals with the statistical study of two variables at a given time.
Example : Scatterplot of Sales and spend volume analysis study.
Multivariate analysis : This analysis deals with statistical analysis of more than two variables and studies the responses.
Example : Study of the relationship between human’s social media habits and their self-esteem which depends on multiple factors like age, number of hours spent, employment status, relationship status, etc.
