UseMyStats has simplified the world of statistics, but there are some terms that you should know going into tracking your stats with us. We'll define them here!Click on the image next to the definition for an example. |
BASIC DEFINITIONS
These are the more common terms you'll see around the UseMyStats website.
BUNDLE | A collection of things wrapped up together. UseMyStats offers pre-created packages of stats in several commonly used categories such as Sales, Finance, Business and more. Click here to view our Stat Bundles! |
DATE RANGE | A number of dates that includes a start date, finish date and all the days in between. The image here shows a stat on a graph for the date range May 17, 2019 - July 19, 2019. |
ENTRY | An item written or put into something. In UseMyStats, an entry would be the number or amount for a stat on a particular date. If you made $15,000 the week of June 28, 2019. You would make an entry for that week of $15,000. Click here to enter values for your stats. Help Article: How to Enter Stats |
GRAPH | A visual representation of a stat, usually in the form of dots and lines to visually show the values. Please see the examples to the right of a stat with and without a graph. |
GRAPHING | The action of putting or modifying a statistic on a graph making the data and progress of the stat viewable. |
GROUP | UseMyStats defines a Group as two or more statistics that have something in common. Groups are especially useful when you have several stats and need to either enter values quickly or sort through stats you need to see on a graph. For example, your Income stat and Expenses stat could be put into a a Group called Finance. Video Tutorial: How to Create a Stat Group |
QUOTA | A goal in the form of a number or amount. A company could have an income quota of $24,000 for the month of July, but they made $100,000 for that month instead. In this scenario, they would have made well above their quota. Help article: How to Enter Quotas |
SCALE | The highest and lowest amount (and all amounts in between that exist for a stat). For example, a weekly Income stat could have a scale where the lowest amount ever earned in a week was $950 and the highest amount ever earned in a week was $35,000. The graph would create a line to show those amounts with any other amounts in between. |
STAT (Statistic) | A number or amount compared to an earlier number or amount of the same thing. A stat without a graph is numbers with corresponding text. Help Article: How to Create a Stat |
TIME PERIOD | UseMyStats defines a Time Period as the frequency in which stat values are entered. Basically, the time between value entries. You may enter stats Daily, Weekly, Monthly, Quarterly and Yearly. |
TRACKING | The action of following something. In the case of stats, you can follow (track) your stats to see how they're looking in order to determine your next move. |
VALUE | A number or amount. |
ADVANCED DEFINITIONS
UseMyStats offers more advanced features for those who need it.
Here are some terms you may come across when using these.
ACCUMULATING | A series of numbers (or values) added together in a specific time sequence. For example, if you made $5,000 a week for the past 10 weeks and wanted to see how much you made with each new week added to the last, you would create an accumulating graph. Another example of an accumulating series of numbers would be your year-to-date on a paycheck or bank statement. |
AVERAGE | A number that expresses the central or typical number in a set of numbers. The way to determine an average is to take the total of the set of numbers then divide it by the count of numbers in that set. For example: Feb 2019 Income =$10,000 March 2019 Income = $5,000 April 2019 Income = $25,000 June 2019 Income = $20,000 July 2019 Income =$35,000 TOTAL Income = $95,000 Then we take the total income and divide it by the amount of months we have above which is 5. $95,000/5 = $19,000 a month average. |
CALCULATION | Something figured out by using math. UseMyStats has a feature called a Stat Calculation. This allows you to take two or more stats and add, subtract, multiply or divide them against each other. For example, if you had 5 sales people and wanted to see the total sales without adding together each person's sales stat manually, you would create a Stat Calculation where each person's sales stat was added to each other using our system. Help Article: How to Create a Stat Calculation |
INTEGRATION | Uniting one thing with another. In the case of UseMyStats, an Integration is a way to bring our web application together with another piece of software. For instance if you were using a product such as Quickbooks which contained all of your income and expenses, instead of re-entering all of the data into UseMyStats, you would Integrate Quickbooks with UseMyStats and all of those values would now exist in UseMyStats. Help Articles: Integrations |