Data Analysis Techniques

Data Analysis Techniques: Data analysis techniques refer to the various methods used to inspect, clean, transform, and model data in order to discover useful information, reach conclusions, and support decision-making. Common techniques include descriptive analysis, which summarizes data characteristics; inferential analysis, which draws conclusions based on data; predictive analysis, which forecasts future trends; and prescriptive analysis, which recommends actions based on data patterns. These techniques are crucial for businesses to make informed decisions and optimize operations.