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What is Data Analysis for Fact-Based Decisions about?

Data analytics uses statistical analysis of raw data to draw conclusions and make better decisions. It is distinguished from data mining by its broader scope and focus on verification. Data analysis examines large amounts of raw data to determine conclusions. Analytics uses both descriptive and predictive modeling of data to gain insights and then recommends actions. Statistical analysis is used in business to make fact-based decisions under uncertainty, such as auditing, quality control, forecasting, and u

Author

subithaperiyasamy

Language

EN