3. Data Analysis
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4 Terms
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What is the primary purpose of data analysis in business analysis?
To discover patterns, trends, and relationships that support data-driven decision-making.
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What is the first step in the data analysis process?
Collecting relevant data from various internal and external sources.
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What is data cleansing?
Removing duplicates, correcting errors, and handling missing or inconsistent values in datasets.
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What is Exploratory Data Analysis (EDA)?
The use of summaries and visualizations to identify trends and patterns in data.
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Flashcards (44)