The document outlines the objectives and processes of data analysis, defining it as a method for cleaning, transforming, and modeling data to inform business decisions. It details various types of data analysis methods, including text, statistical, diagnostic, predictive, and prescriptive analysis, along with their respective purposes. Additionally, it describes the phases of the data analysis process, including data requirement gathering, collection, cleaning, analysis, interpretation, and visualization.
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Data-Analysis
The document outlines the objectives and processes of data analysis, defining it as a method for cleaning, transforming, and modeling data to inform business decisions. It details various types of data analysis methods, including text, statistical, diagnostic, predictive, and prescriptive analysis, along with their respective purposes. Additionally, it describes the phases of the data analysis process, including data requirement gathering, collection, cleaning, analysis, interpretation, and visualization.
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DATA ANALYSIS,
RESEARCH, TYPES ,AND
PROCESS Fourth Quarter 3 I’s Inquiries, Investigation, and Immersion
PST: Joy Marinel D. Gillaco
Objectives: The learners are expected to:
Define data analysis;
Enumerate the types, techniques, and methods of data analysis; Interpret the data analysis of your research study. WHAT IS DATA ANALYSIS? Data Analysis Data analysis is defined as a process of cleaning, transforming, and modeling data to discover useful information for business decision-making. The purpose of Data Analysis is to extract useful information from data and taking the decision based upon the data analysis. The major Data Analysis methods are: A. Types of Data Analysis: Text Analysis Techniques and Statistical Analysis Methods Diagnostic Analysis Predictive Analysis Prescriptive Analysis Text Analysis
Is also referred to as Data Mining.
It is one of the methods of data analysis to discover a pattern in large data sets using databases or data mining tools. Statistical Analysis Shows “What happen?” by using past data in the form of dashboards. Statistical Analysis includes collection, Analysis, interpretation, presentation, and modeling of data. It analyses a set of data or a sample of data. There are two categories of this type of Analysis – Descriptive Analysis and Inferential Analysis. Descriptive Analysis
Analyses complete data or a sample
of summarized numerical data. It shows mean and deviation for continuous data whereas percentage and frequency for categorical data. Inferential Analysis
Analyze sample from complete
data. In this type of Analysis, you can find different conclusions from the same data by selecting different samples. Diagnostic Analysis
Shows “Why did it happen?” by
finding the cause from the insight found in Statistical Analysis. This Analysis is useful to identify behavior patterns of data. Predictive Analysis
Shows “what is likely to happen” by using
previous data. The simplest data analysis example is like if last year I bought two dresses based on my savings and if this year my salary is increasing double then I can buy four dresses. Prescriptive Analysis
Combines the insight from all previous
Analysis to determine which action to take in a current problem or decision. Most data- driven companies are utilizing Prescriptive Analysis because predictive and descriptive Analysis are not enough to improve data performance. Data Analysis Process The Data Analysis Process is nothing but gathering information by using a proper application or tool which allows you to explore the data and find a pattern in it. Based on that information and data, you can make decisions, or you can get ultimate conclusions. Data Analysis consists of the following phases: Data Requirement Gathering B. Data Analysis Data Collection Process Data Cleaning Data Analysis Data Interpretation Data Visualization Data Requirement Gathering
In this phase, you have to decide
what to analyze and how to measure it, you have to understand why you are investigating and what measures you have to use to do this Analysis. Data Collection Collect your data based on requirements. Once you collect your data, remember that the collected data must be processed or organized for Analysis. Data Cleaning The data should be cleaned and error free. This phase must be done before Analysis because based on data cleaning, your output of Analysis will be closer to your expected outcome. Data Analysis
Once the data is collected, cleaned,
and processed, it is ready for Analysis. As you manipulate data, you may find the exact information you need, or you might need to collect more data. Data Interpretation
After analyzing your data, it’s finally
time to interpret your results. You can choose the way to express or communicate your data analysis either you can use simply in words or maybe a table or chart. Data Visualization
Is very common in your day-to-day life;
they often appear in the form of charts and graphs. In other words, data shown graphically so that it will be easier for the human brain to understand and process it. Visualization THANK YOU ! Hope you learn and had fun!
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