Hands-On Exploratory Data Analysis with Python

Steps in EDA

Having understood what EDA is, and its significance, let's understand the various steps involved in data analysis. Basically, it involves four different steps. Let's go through each of them to get a brief understanding of each step:

• Problem definition: Before trying to extract useful insight from the data, it is essential to define the business problem to be solved. The problem definition works as the driving force for a data analysis plan execution. The main tasks involved in problem definition are defining the main objective of the analysis, defining the main deliverables, outlining the main roles and responsibilities, obtaining the current status of the data, defining the timetable, and performing cost/benefit analysis. Based ...