Question
You are analyzing sales data and notice missing values
in some of the records. What is the most appropriate first step to take during the data analysis process?Solution
The first critical step when you encounter missing data is to clean the data . Missing values can significantly skew analysis if not addressed early. Data cleaning can involve either removing the rows with missing data or imputing the missing values using statistical techniques (mean, median, mode imputation, etc.) depending on the nature of the data and the extent of the missingness. Cleaning is a prerequisite before diving into modeling, visualization, or interpretation. Without addressing missing values, your analysis and conclusions may be misleading or incorrect. Why Other Options Are Wrong : A) Incorrect : Building predictive models without first cleaning the data would lead to biased and unreliable models. Models trained on incomplete or inaccurate data may not generalize well. C) Incorrect : While visualizing missing data can be informative, cleaning the data should come first before any further analysis or visualization. D) Incorrect : Handling outliers should come after dealing with missing data. Outliers can distort data distributions, but missing values need to be resolved first to ensure proper data integrity. E) Incorrect : Interpretation and business recommendations should only be made after ensuring the data is clean and ready for analysis. Premature interpretation can lead to faulty conclusions.
Consider the following statement about India extended Line of Credit to Sri Lanka.
I. India has extended 8 Lines of Credit (LOCs) to Sri Lanka ...
Which country has signed a memorandum of understanding with China Road and Bridge Corporation and Atepa Group’s architectural firm for the constructio...
Which of the following statements is/are NOT TRUE with respect to the UPI linkage by NPCIÂ ?
I. The National Payments Corporation of India (NPCI...
Oxford University Press declares ______as Children’s Word of the Year 2021.
Yantra India Limited’s exports increased to what amount in FY 2024–25 from nil in FY 2021–22 (H2)?
Tiger Global and DST Global has sold a 1.8 per cent stake in online food ordering platform Zomato for_________Â through open market transactions.
What is the strategic significance of the Great Nicobar Project as highlighted by the Environment Minister?
Recently In July 2023, PM inaugurated how many EMRS school in Rajasthan?Â
Which department launched the School Health Program in Uttar Pradesh and Lucknow Smart City?
The Indian Institute of Technology ______ bagged the second position among the centrally funded technical institutes in the Centre’s Atal Ranking of ...