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In statistics, the process of hypothesis testing involves data preparation, including explorative data analysis. Do you...

In statistics, the process of hypothesis testing involves data preparation, including explorative data analysis. Do you think explorative data analysis is important? Why, or why not?

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Answer #1
  • Exploratory data analysis is a key step undertaken subsequent to feature engineering and acquiring data and proceeding to any statistical modeling.
  • Its significance can be felt from the fact that without making assumptions it helps in understanding the nature of the data.
  • It is method employed to evaluate data sets prerequisite to sum up foremost characteristics thereof.
  • First and foremost EDA is used to know information taken from the data which can take us past the formal modeling.
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