Smarter Decisions – The Intersection of Internet of Things and Decision Science

Exploratory data analysis

This part of the problem solving stack is also called "Confirmatory data analysis". Generally, the problems that we touch base over the Internet and other learning resources explain a stack called "ECR" that can be extended as Exploratory Data Analysis + Confirmatory Data Analysis + Root Cause Analysis. This is the same approach that we have considered-Exploratory Data Analysis (EDA)-where we understand "What" happened, then CDA, that is, Confirmatory Data Analysis, where we cement the results from our exercises using statistical tests. Finally, we will answer the "Why" question using Root Cause Analysis. In our current approach, we have the same approach but a slightly different naming convention. We have broken down ...