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Analysis

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7 views1 page

Analysis

Uploaded by

abellorodelcute
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Data analysis involves examining, cleansing, transforming, and interpreting data to discover

useful information, draw conclusions, and support decision-making. It's a crucial process in
various fields, including business, science, healthcare, finance, and more. Here's a
breakdown of what it entails:

Data Collection: The process begins with gathering relevant data from various sources. This
can include structured data from databases, spreadsheets, or structured text files, as well as
unstructured data from sources like social media, sensors, or emails.

Data Cleaning: Once the data is collected, it often needs to be cleaned to remove errors,
inconsistencies, duplicates, or missing values. This ensures that the data is accurate and
reliable for analysis.

Data Exploration: Data analysts then explore the data to understand its structure, patterns,
and relationships. This often involves summarizing the data using descriptive statistics,
visualizations (such as charts, graphs, or dashboards), or exploratory data analysis
techniques.

Data Analysis: The main phase of data analysis involves applying various statistical,
mathematical, or computational techniques to extract insights from the data. This can
include hypothesis testing, regression analysis, clustering, classification, time series
analysis, and more, depending on the goals of the analysis and the nature of the data.

Interpretation and Insight Generation: Once the analysis is complete, analysts interpret the
results to extract meaningful insights and actionable recommendations. This often involves
communicating findings to stakeholders through reports, presentations, or data
visualizations.

Decision Making: The insights generated from data analysis can inform decision-making
processes in organizations or guide future research directions. Decision-makers use these
insights to optimize processes, improve performance, mitigate risks, and capitalize on
opportunities.

ECE FR EL 2 1

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