Which of the following best describes an exploratory analysis?
A.
Involves the use of descriptive statistics to understand observations
B.
Involves analysis of exploring data sets for performance tracking
C.
Involves the testing of specific hypotheses
D.
Involves the use of arithmetic algebra to determine the distribution
The Answer Is:
A
This question includes an explanation.
Explanation:
Answer: A. Involves the use of descriptive statistics to understand observations.
Exploratory data analysis (EDA) is a method of analyzing and investigating data sets to summarize their main characteristics, often using statistical graphics and other data visualization methods. EDA involves the use of descriptive statistics, such as mean, median, mode, standard deviation, frequency, or percentage, to understand the distribution, central tendency, variability, and relationship of the data.EDA helps to see what the data can reveal beyond the formal modeling or hypothesis testing, and provides a better understanding of data set variables and the interactions between them1.
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