from Part I - Conceptual Introductions
Published online by Cambridge University Press: aN Invalid Date NaN
This chapter explores fundamental analytical techniques in data science, distinguishing between data analysis (backward-looking) and data analytics (forward-looking prediction).
Six key analysis categories are covered:
Descriptive Analysis examines current data through statistical measures (mean, median, mode) and visualizations to understand "what is happening."
Diagnostic Analytics investigates "why something happened" using correlation analysis, emphasizing the distinction between correlation and causation.
Predictive Analytics forecasts future outcomes using historical data and regression analysis.
Prescriptive Analytics determines optimal courses of action by analyzing potential decisions.
Exploratory Analysis discovers unknown relationships through visualization when questions aren’t predetermined.
Mechanistic Analysis examines exact variable changes and their effects.
The chapter emphasizes statistical literacy as essential for data scientists, covering key concepts like variable types, frequency distributions, measures of centrality and dispersion, and regression modeling. Hands-on examples demonstrate applications across business, healthcare, and social sciences.
To save this book to your Kindle, first ensure no-reply@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.
Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.
Find out more about the Kindle Personal Document Service.
To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.
To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.