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The difference between data analysis and data mining is that data analysis is used to test models and hypotheses on the dataset, e.g., analyzing the effectiveness of a marketing campaign, regardless of the amount of data. In contrast, data mining uses machine learning and statistical models to uncover clandestine or hidden patterns in a large ...
The use of descriptive and summary statistics has an extensive history and, indeed, the simple tabulation of populations and of economic data was the first way the topic of statistics appeared. More recently, a collection of summarisation techniques has been formulated under the heading of exploratory data analysis : an example of such a ...
KNIME, Konstanz Information Miner – Open-Source data exploration platform based on Eclipse. Minitab, an EDA and general statistics package widely used in industrial and corporate settings. Orange, an open-source data mining and machine learning software suite. Python, an open-source programming language widely used in data mining and machine ...
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]
A descriptive statistic (in the count noun sense) is a summary statistic that quantitatively describes or summarizes features of a ... Machine learning and data mining
Data profiling utilizes methods of descriptive statistics such as minimum, maximum, mean, mode, percentile, standard deviation, frequency, variation, aggregates such as count and sum, and additional metadata information obtained during data profiling such as data type, length, discrete values, uniqueness, occurrence of null values, typical string patterns, and abstract type recognition.
Descriptive analytics: gains insight from historical data with reporting, scorecards, clustering etc. Predictive analytics: employs predictive modelling using statistical and machine learning techniques; Prescriptive analytics: recommends decisions using optimization, simulation, etc.
In descriptive statistics, summary statistics are used to summarize a set of observations, in order to communicate the largest amount of information as simply as possible. Statisticians commonly try to describe the observations in