What are the steps involved when working with a Data Analysis project? Can you name some of the statistical methodologies used by Data Analysts?

When working on a data analysis project from start to finish, there are several processes involved. The following are some of the most crucial steps:

  • Problem statement
  • Data cleaning/preprocessing
  • Data exploration
  • Modeling
  • Data validation
  • Implementation
  • Verification

When it comes to data analysis, there are a variety of statistical approaches that may be extremely beneficial. Here are a few of the most important:

  • Markov process
  • Cluster analysis
  • Imputation techniques
  • Bayesian methodologies
  • Rank statistics