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Exploratory Data Analysis (EDA): Using statistical summaries and initial visualisations (yes, visualisation plays a role within analysis!) HypothesisTesting: Formally testing assumptions or theories about the data using statistical methods to determine if observed patterns are statistically significant or likely due to chance.
Also Read: Explore data effortlessly with Python Libraries for (Partial) EDA: Unleashing the Power of Data Exploration. Each phase, from data collection and cleaning to analysis and visualisation, is critical in ensuring the outcomes’ accuracy, reliability, and actionable nature, thus driving informed decision-making.
Statistical Concepts A strong understanding of statistical concepts, including probability, hypothesistesting, regression analysis, and experimental design, is paramount in Data Science roles. It forms the basis for many statistical tests and estimators used in hypothesistesting and confidence interval estimation.
DecisionTrees: A supervised learning algorithm that creates a tree-like model of decisions and their possible consequences, used for both classification and regression tasks. Exploratory Data Analysis (EDA): Analysing and visualising data to discover patterns, identify anomalies, and test hypotheses.
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