Thanks Andrew for that resources.
Hey..make your account on Google analytics and access through the different terms you will find all about the terms if you try to understand them thoroughly. Try to search them and you will find great information about the site and the traffic coming on it and the sources of generating the traffic. You can make several changes regarding your site and it will help you very much.
You can read the help provided by Google Analytics and even before you login there is an option of watching a video tutorial of how to use GA that is pretty self explanatory.
By the use of google analytics you can review the trraffic over the website and get detailed knowledge of the site.
By use of google analytic you can get good traffic with exact location so its really useful.
I put the code in my template, no activity in Analytics. I also put the code in my footer content block, still no activity showing up in Analytics.