Complete Introduction to Business Data Analysis
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Data analysis, also known as data analytics, involves inspecting and modeling data to derive useful insights and support decision-making across various fields. It encompasses several techniques such as trend analysis, comparison analysis, and correlation analysis, helping to structure findings and minimize bias. Eduonix offers an affordable course on data analysis covering essential topics like data preparation, key metrics, and various analysis techniques.
Complete Introduction to Business Data Analysis
- 2. What Do You Mean By Data Analysis..? ● Data Analysis is also known as analysis of data or data analytics. ● It is a process of inspecting, cleansing, transforming, and modeling data with the goal of discovering useful information, suggesting conclusions, and supporting decision-making. ● It is a process of evaluating data using analytical and logical reasoning to examine each component.
- 3. Different Types of Data Analysis Several data analysis techniques exist encompassing various domains such as business, science, social science, etc. with a variety of names. Data Mining Business Intelligence Statistical Analysis Predictive Analysis Text Analysis
- 4. Importance of Data Analysis ● It helps in structuring the findings from different sources of data. ● It is very helpful in breaking a macro problem into micro parts. ● Its like a filter when it comes to acquiring meaningful insights out of huge data set. ● It helps in keeping human bias away from the research conclusion with the help of proper statistical treatment. ● Used to verify our results whether it is valid, reproducible and unquestionable.
- 5. Data Analysis Process Data Requirement Data Collection Data Processing Data Cleaning Data Analysis Communication Top – Down Approach
- 6. Data Analysis Techniques ● Comparison Analysis used to measure the financial relationship between over two or more reporting period. ● Ranking Analysis refers to data transformation where numerical values are replaced by their rank when data are sorted. ● Trend Analysis tries to predict the future movement of stock based on past data. It actually gives ideas to traders about what will happen in future based on past results.
- 7. Data Analysis Techniques Contd... ● Varience Analysis is quantitaive investigation of the difference between actual and planned behavior. ● Frequency Analysis is the study of the frequency of letters or group of letters in a ciphertext. ● Contribution Analysis is step by step approach to assess about the contribution a program has made to some particular goal. It analyses the effect of the internal and external factors in contribution.
- 8. Data Analysis Techniques Contd... ● Correlation Analysis is a method of statistical evaluation used to study the strength of a relationship between two, numerically measured, continuous variables ● Pareto Analysis is a statistical technique in decision-making used for the selection of a limited number of tasks that produce significant overall effect.
- 9. Learn Data Analysis ● If you want to an easy and simple way to understand data, then we’ve got just the Course For You! ● You don’t need to opt for expensive or complicated, you can do a whole lot with just Microsoft Excel. It has a lot of great functions that can help you analyze data, as well as create some epic presentations. ● See next the Topics Covered by Course.
- 10. Topics Covered By Course ● SECTION 1 : Introduction ● SECTION 2 : Preparing Data for Analysis ● SECTION 3 : Data Analysis - Key Metrics ● SECTION 4 : Comparison Analysis ● SECTION 5 : Trend Analysis ● SECTION 6 : Ranking Analysis
- 11. Topics Covered By Course Contd... ● SECTION 7 : Interactive Dashboard Creation ● SECTION 8 : Variance Analysis ● SECTION 9 : Contribution Analysis ● SECTION 10 : Frequency Analysis ● SECTION 11 : Correlation Analysis ● SECTION 12 : Pareto Analysis
- 12. Eduonix Introduces Complete Introduction to Business Data Analysis @ $15 To Get this Course at $15 Use Coupon Code : EDU15 ● Lectures: 39 ● Video: 04 hours ● Language: English ● Includes: 30 day money back guarantee! Certificate of Completion. Lifetime Access. Reference Link : https://goo.gl/ixqPqv
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