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In effort to meet this goal, researchers have turned to ideas from the machine learning field. This is a natural source of ideas, since the machine learning task can be described as turning background knowledge and examples (input) into knowledge (output). If data mining results in discovering meaningful patterns, data turns into information.
Data mining is a particular data analysis technique that focuses on statistical modeling and knowledge discovery for predictive rather than purely descriptive purposes, while business intelligence covers data analysis that relies heavily on aggregation, focusing mainly on business information. [4]
Overabundance of already collected data became an issue only in the "Big Data" era, and the reasons to use undersampling are mainly practical and related to resource costs. Specifically, while one needs a suitably large sample size to draw valid statistical conclusions, the data must be cleaned before it can be used. Cleansing typically ...
Tukey defined data analysis in 1961 as: "Procedures for analyzing data, techniques for interpreting the results of such procedures, ways of planning the gathering of data to make its analysis easier, more precise or more accurate, and all the machinery and results of (mathematical) statistics which apply to analyzing data."
Statistical inference makes propositions about a population, using data drawn from the population with some form of sampling.Given a hypothesis about a population, for which we wish to draw inferences, statistical inference consists of (first) selecting a statistical model of the process that generates the data and (second) deducing propositions from the model.
Data processing is the collection and manipulation of digital data to produce meaningful information. [1] Data processing is a form of information processing , which is the modification (processing) of information in any manner detectable by an observer.
Data manipulation is a serious issue/consideration in the most honest of statistical analyses. Outliers, missing data and non-normality can all adversely affect the validity of statistical analysis. It is appropriate to study the data and repair real problems before analysis begins.
In statistics and econometrics, cross-sectional data is a type of data collected by observing many subjects (such as individuals, firms, countries, or regions) at a single point or period of time. Analysis of cross-sectional data usually consists of comparing the differences among selected subjects, typically with no regard to differences in time.