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What do you mean by data analysis?
Data analysis is nothing but a method of assessing the raw data by applying statistical and logical techniques. Data analysis helps to recognize data and assess it as per the requirement. Data analysis is the most important component of data mining and business intelligence. Data analysis is applied in various sectors like social science, corporate business, applied science, etc.
What type of skills are required for data analysis?
Data analysis is very difficult for specialists. A bulk of data sets that are unable to be analyzed by using conventional software for data processing are analyzed by data analysis. Some of the difficulties are:
- Metadata
- The capture of data.
- Storage of data
- Analysis
- Data visualization
- Search, sharing, and transfer of data.
You have to acquire the following skills to come to be a proper data analyst:
- You have to acquire the skill of merging data sets.
- You have to learn how to calculate new variables.
- You need to learn about hierarchical databases and relational databases.
- You need to learn missing data estimation techniques.
- You need to learn how to re-code data
- You have to learn facet analysis.
- You have to learn about flat file databases.
- You need to understand all sorts of statistical strategies such as OLS, SEM, and HLM.
- You need to learn longitudinal analysis techniques.
- You should know how to analyze social networks.
- You must understand Atlas. ti or NVivo,
- You need to learn qualitative data analysis techniques.
- You have to learn the skill of Managing big data sets and working with them.
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What is the importance of Data analysis?
Students need to learn data analysis to conduct the works given below to become successful personally and well as professionally:
- Crack bulks of information into smaller ones.
- Get consequential details from the provided details.
- Make the right business decisions.
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