BASIC DATA ANALYSIS STATISTICS PROFESSIONAL

Data can be broken down into three types: First Party Dataįirst-party, also known as 1P data is data that a company collects directly from customers. Whatever type of data you use, the end goal of this step is to make sure to have a complete, 360-degree view of the problem you want to solve. Now that you have a solid idea of what you want to accomplish, it’s time to define what type of data you need to find those answers, and where you’re going to source it. Get the latest insights on data analysis delivered straight to your inbox

By recognizing the business problem that you want to solve and setting well-defined goals, it’ll be way easier to decide on the data you need to collect and analyze. Starting with a clear objective is an essential step in the data analysis process.

Or an HR director who wants to reduce turnover might want to know why their top employees are leaving their company. From there, you’ll create a set of measurable, clear, and concise goals that will help you solve this problem.įor example, an advertiser who wants to boost their client’s sales may ask if customers are likely to purchase from them after seeing an ad. Take some time to think about a specific business problem you want to address or consider a hypothesis that could be solved with data. In this post, we’ll walk you through this process to help you start a potential career in data science.īefore you start collecting data, you need to first understand what you want to do with it. Sign up Nowĭata analysis follows a detailed step-by-step process.

BASIC DATA ANALYSIS STATISTICS PROFESSIONAL

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Basic data analysis statistics