Data Analysis Quiz

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Questions and Answers

What is the main goal of data analysis?

  • Exploring new features in the data
  • Discovering useful information and supporting decision-making (correct)
  • Focusing solely on statistical modeling
  • Aggregating data for business intelligence

Which technique focuses on statistical modeling and predictive knowledge discovery?

  • Exploratory data analysis
  • Data mining (correct)
  • Confirmatory data analysis
  • Descriptive statistics

What does business intelligence mainly focus on in data analysis?

  • Aggregation of data (correct)
  • Descriptive statistics
  • Exploring new features in the data
  • Predictive knowledge discovery

Which domain does data analysis NOT find application in?

<p>Technology (A)</p> Signup and view all the answers

What are the three main divisions of statistical applications in data analysis?

<p>Descriptive statistics, exploratory data analysis, confirmatory data analysis (A)</p> Signup and view all the answers

What is data analysis?

<p>The process of inspecting, cleansing, transforming, and modeling data to discover useful information (A)</p> Signup and view all the answers

What is the focus of data mining?

<p>Statistical modeling and knowledge discovery for predictive purposes (B)</p> Signup and view all the answers

What does business intelligence mainly focus on?

<p>Aggregation of business information (A)</p> Signup and view all the answers

Which type of data analysis focuses on discovering new features?

<p>Exploratory data analysis (EDA) (C)</p> Signup and view all the answers

What is the goal of data analysis in today's business world?

<p>Making decisions more scientific and helping businesses operate more effectively (A)</p> Signup and view all the answers

Flashcards

What is Data Analysis?

The process of inspecting, cleansing, transforming, and modeling data to discover useful information and insights.

Main Goal of Data Analysis

Discovering useful information, drawing conclusions, and supporting decision-making.

Focus of Data Mining

Statistical modeling and predictive knowledge discovery.

Focus of Business Intelligence

Aggregation of business information

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Focus of Exploratory Data Analysis (EDA)

Discovering new features and patterns in data.

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Goal of Data Analysis in Business

Making decisions more scientific and helping businesses operate more effectively through insights

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3 Main Divisions of Statistical Applications

Descriptive statistics, exploratory data analysis, confirmatory data analysis.

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