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Statistics Understand descriptive statistics (mean, median, mode) and inferential statistics (hypothesistesting, confidence intervals). These concepts help you analyse and interpret data effectively. Its flexibility allows you to produce high-quality graphs and charts, making it perfect for exploratoryDataAnalysis.
HypothesisTesting in Action: We learned how to formulate a null hypothesis (no difference exists) and an alternative hypothesis (a difference exists) and use statistical tests to evaluate their validity. It learns from historical data to make predictions about future events.
There are other types of Statistical Analysis as well which includes the following: Predictive Analysis: Significantly, it is the type of Analysis useful for forecasting future events based on present and past data. Moreover, it helps make informed decisions and encourages efficient decision-making processes.
Different Types of DataAnalysisDataAnalysis comes in various forms, each serving a unique purpose depending on the objectives and DataAnalysis type. Different approaches help organisations make sense of raw data, from simply summarising past events to predicting future outcomes.
It involves handling missing values, correcting errors, removing duplicates, standardizing formats, and structuring data for analysis. ExploratoryDataAnalysis (EDA): Using statistical summaries and initial visualisations (yes, visualisation plays a role within analysis!)
Deep Learning : A subset of Machine Learning that uses Artificial Neural Networks with multiple hidden layers to learn from complex, high-dimensional data. ExploratoryDataAnalysis (EDA): Analysing and visualising data to discover patterns, identify anomalies, and test hypotheses.
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