The document outlines the process of data analysis, emphasizing exploratory data analysis (EDA) and various statistical techniques. It details types of data analysis, steps in EDA, and tools like Power BI and Tableau for visualization. Additionally, it presents a practical project involving the analysis of Afghan company datasets to create business reports using EDA and visualization techniques.
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4.1 Advanced Data Analysis & Visualization
The document outlines the process of data analysis, emphasizing exploratory data analysis (EDA) and various statistical techniques. It details types of data analysis, steps in EDA, and tools like Power BI and Tableau for visualization. Additionally, it presents a practical project involving the analysis of Afghan company datasets to create business reports using EDA and visualization techniques.
Download as PPTX, PDF, TXT or read online on Scribd
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Advanced Data Analysis and Visualization
Exploratory Data Analysis (EDA) and Statistical
Techniques Content: • Introduction to Data analysis • Types of analysis • Exploratory Data Analysis • Steps in Exploratory Data Analysis • Statistical Analysis Techniques • Tools for data visualization and analysis Introduction to data analysis • Data analysis is the process of inspecting, cleaning, transforming, and modelling data to discover useful information. • It enables better decision-making and problem-solving in business, scientific, and social domains. Types of data analysis • Descriptive: Summarizes past data. • Diagnostic: Explains causes of results. • Predictive: Uses past data to predict future outcomes. • Prescriptive: Suggests actions to achieve desired outcomes. Exploratory Data Analysis (EDA) • EDA is used to analyze datasets to summarize their main characteristics. • It is crucial for understanding the structure, relationships, and anomalies in the data. • Techniques include visualization, statistical summaries, and data cleaning. Steps in Exploratory data analysis 1. Data Cleaning: Handling missing data, outliers, and duplicate records. 2. Data Transformation: Converting data formats, scaling, and encoding. 3. Visualization: Creating graphs and charts to identify patterns. 4. Statistical Analysis: Analyzing distributions, correlations, and key metrics. Statistical analysis techniques • Hypothesis Testing: Validates assumptions or claims about data. • Descriptive Statistics: Mean, median, mode, variance, etc. • Correlation and Regression: Determines relationships between variables. • ANOVA, Chi-square tests: Used for comparing groups. Tools for visualization and analysis Power BI: Business analytics service for interactive reports. Tableau: Visual analytics platform for making data easy to understand. Python and R: Programming languages for statistical analysis and machine learning. Practical data analysis project • Objective: Analyze real datasets from Afghan companies to create business reports. • Techniques: Statistical analysis, EDA, and visualization using Power BI/Tableau. • Outcome: Simulate a business analytics scenario through dashboards and visual i.e. Real Dataset ( retail for example) reports. EDA project • Task: Perform EDA on the given dataset using Python (Pandas, Matplotlib, Seaborn). • Expected Output: Generate insights and create visual reports summarizing the data. More…