Question
What is the most challenging step in the data analysis
process and why?Solution
Data cleaning is widely regarded as the most challenging and time-consuming step in data analysis. Analysts often encounter issues such as missing data, inconsistent formats, outliers, and duplicate entries. Addressing these problems requires a meticulous approach to ensure data quality without losing valuable information. For example, cleaning customer survey data may involve filling missing age values using statistical imputation or correcting typos in categorical fields. Data cleaning underpins the reliability of subsequent steps like modeling and interpretation, making it a critical yet complex task. Why Other Options Are Incorrect: • A: While important, data collection is generally less time-consuming with well-defined sources. • C: Modeling complexity depends on the problem; simple models may suffice in many cases. • D: Visualization requires creativity but is less technically challenging than cleaning. • E: Interpretation is crucial but depends on having clean, reliable data.
Depreciation is charged on which among the following?
What is the maximum limit to issue of DVR shares by an eligible company, as per revised SEBI regulations?
Consider the following and state which of these is/are component(s) of internal debt?
                       I.     ...
Under the Expense of Management Rules 2023 introduced by Insurance Regulatory and Development Authority of India, general insurance companies can work w...
 Which of the following is not a tool of financial statement analysis?
Under which of the following methods is the latest cost of inventories charged to production but the old prices are charged to inventories in hand?Â
In a period of rising prices and stable inventory quantities, which of the following best describes the effect on gross profit of using LIFO as compare...
Which of the following analytics types is most suitable for answering the question, "What should we do to achieve the best outcome?"
________ is the process of bringing together physical, financial and human resources and developing productive relationship amongst them for achievement...
A company based in the United States is expecting to receive a payment of 10 million euros in next two months. The company is concerned about the fall i...