Data analysis

  • It is a process of
    • Inspecting data
    • Cleansing data
    • transforming data
    • modeling data
  • Goal of discovering useful information, conclusions and support decision-making.

Data Analysis process involves following components:

Step 1: Extract data

Step 2: Transform data (Aggregate/Join Data)

Step 3: Hypothesis building (Data visualization & Insights building)

Step 4: Statistical Data Analysis (Bivariate, univariate analysis of variables)

Step 5: Model Development (Create statistical models) / Hypothesis testing

Step 6: Recommendations / Story Boarding

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