Data Analysis & Modeling
What is done: Use statistical methods or algorithms to discover patterns, make predictions, or determine relationships.
Types:
Descriptive analytics: What occurred?
Diagnostic analytics: Why did it occur?
Predictive analytics: What will probably occur?
Prescriptive analytics: What must we do?
Tools: Python (Scikit-learn), R, Excel, SPSS, SAS.
Example: Predicting future sales with regression using past data.
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