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Data Analysis A Beginner Guide

Data analysis involves gathering, cleaning, and modeling data to extract insights for strategic decision-making. It encompasses various types, including descriptive, predictive, diagnostic, prescriptive, and text analytics, each serving different analytical purposes. The process includes defining objectives, collecting data, selecting methods, cleaning data, uncovering insights, interpreting results, and making informed decisions.

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Mik Loool
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10 views1 page

Data Analysis A Beginner Guide

Data analysis involves gathering, cleaning, and modeling data to extract insights for strategic decision-making. It encompasses various types, including descriptive, predictive, diagnostic, prescriptive, and text analytics, each serving different analytical purposes. The process includes defining objectives, collecting data, selecting methods, cleaning data, uncovering insights, interpreting results, and making informed decisions.

Uploaded by

Mik Loool
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Data analysis is the process of gathering, cleaning, and modeling data to reveal meaningful insights.

This
data is then crafted into reports that support the strategic decision-making process.

There are many different types of data analysis. Each type can be used to answer a different question.

Descriptive analytics refers to the process of analyzing historical Predictive analytics uses historical data to help predict what
data to understand trends and patterns. might happen in the future.
Generating reports to provide an overview of an organization's Methods include a range of statistical and machine learning
sales and financial data, offering valuable insights into past techniques, including neural networks, decision trees, and
activities and outcomes.
regression analysis.

Diagnostic analytics helps answer questions about what This method uses machine learning and natural language
caused certain events by looking at performance indicators. processing to understand, reason, and learn from data in a
It involves spotting anomalies in data, gathering data related way that resembles human thought processes. Its goal is to
to these anomalies, and using statistical techniques to simulate human-like thinking to provide deeper insights,
identify potential explanations. recognize patterns, and make predictions.

Prescriptive analytics helps answer questions about what Text analytics is a way to teach computers to understand
needs to happen next to achieve a certain goal or target. By human language. It involves using algorithms and other
using insights from prescriptive analytics, organizations can techniques to extract information from large amounts of text
make data-driven decisions in the face of uncertainty. It often data, such as social media posts or customer previews. It
relies on machine learning to find patterns in large semantic helps data analysts make sense of what people are saying,
models find patterns, and gain insights

1. Define your objectives: Clearly define the purpose of your 5. Uncover valuable insights: Delve into your data to uncover
analysis. What specific question are you trying to answer? What patterns, trends, and relationships. Use statistical methods, machine
problem do you want to solve? Identify your core objectives. This will learning algorithms, or other analytical techniques that are aligned
guide the entire process with your goals. This step transforms raw data into valuable insights.
2. Collect and consolidate your data: Gather your data from all 6. Interpret and visualize the results: Examine the results of your
relevant sources using data analysis software. Ensure that the data is analyses to understand their implications. Connect these findings with
representative and actually covers the variables you want to analyze. your initial objectives. Then, leverage the visualization tools within free
3. Select your analytical methods: Investigate the various data data analysis software to present your insights in a more digestible
analysis methods and select the technique that best aligns with your format.
objectives. 7. Make an informed decision: Use the insights gained from your
4. Clean your data: Scrutinize your data for errors, missing values, or analysis to inform your next steps. Think about how these findings can
inconsistencies using the cleansing features already built into your be utilized to enhance processes, optimize strategies, or improve
data analysis software. Cleaning the data ensures accuracy and overall performance.
reliability in your analysis and is an important part of data analytics.

@muhammad_salman/LinkedIn Follow to learn more about data analysis

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