Posts

Showing posts with the label data science approach

Data Science methodology and Approach

Image
Introduction The Data Science Methodology is encountered by those who work in data science and constantly seek solutions to new problems. The process for locating answers to a particular situation is described by data science methodology. This cycle experiences critical behavior, which directs business analysts and data scientists to take the appropriate action. Methodologies used by Data Scientists Business Understanding Any problem in the business area needs to be thoroughly understood before it can be solved. A solid foundation created by business knowledge makes it easier to answer questions. We need to be clear about the precise issue we intend to address. Analytic Understanding One should choose the analytical strategy based on the business understanding discussed above. There are four distinct kinds of strategies:  Descriptive (current status and information provided). Diagnostic (also known as statistical analysis, what is happening and why it is happening). Predictive (it ...