Analytics Questions and Answers
Graded A+
What is the role of statistical analysis in data analytics?
✔✔To apply mathematical models and techniques to identify patterns, trends, and relationships
in data
What does data normalization help achieve?
✔✔It ensures that data is scaled consistently, making it easier to compare different data points
Why is communication important in data analytics?
✔✔Effective communication ensures that insights are conveyed clearly and can be acted upon
by decision-makers
What is the purpose of predictive analytics?
✔✔To use historical data to predict future outcomes and trends
What is the importance of ethics in data analytics?
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, ✔✔To ensure that data is used responsibly, fairly, and transparently, protecting privacy and
avoiding bias
What is the significance of defining clear goals in a data analysis project?
✔✔Clear goals ensure that the analysis stays focused and relevant to the needs of the
stakeholders
What are the key components of a data analysis report?
✔✔The problem statement, data description, analysis methods, insights, and recommendations
What is the role of a data analyst in the business decision-making process?
✔✔A data analyst provides insights derived from data that help business leaders make informed
decisions
What are the benefits of using cloud-based tools for data analysis?
✔✔Cloud-based tools offer scalability, flexibility, and accessibility for data storage and analysis
What is the difference between correlation and causation in data analysis?
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