What are some common data analysis methodologies?
An example of an AI chatbot conversation about data analysis methodologies.
What are some common data analysis methodologies?
Common methodologies include descriptive, diagnostic, predictive, and prescriptive analysis.
Can you explain what predictive analysis is?
Predictive analysis uses statistical algorithms and machine learning techniques to identify the likelihood of future outcomes based on historical data.
What tools are commonly used for data analysis?
Popular tools include Python, R, SQL, Excel, and specialized software like Tableau and Power BI.
How do I choose the right methodology for my data?
Consider your data type, the questions you want to answer, and the resources available to you.
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