Given a large dataset with millions of rows and multiple variables ,describe the steps and techniques you would use to identify meaningful patterns ,correlations and insights to drive strategic decision making for a business

Question

Accepted Answer

Utilize data visualization, statistical analysis, and machine learning techniques to identify patterns and correlations in large datasets for strategic decision making.

Perform exploratory data analysis to understand the structure and relationships within the dataset
Utilize data visualization techniques such as scatter plots, histograms, and heatmaps to identify patterns and correlations
Conduct statistical analysis including correlation analysis, regression analysis, and hypothesis testing to uncover insights
Apply machine learning algorithms such as clustering, classification, and regression to identify predictive patterns
Use dimensionality reduction techniques like PCA to simplify complex datasets and identify key variables
Collaborate with domain experts to validate findings and ensure business relevance

Given a large dataset with millions of rows and multiple variables ,describe the steps and techniques you would use to identify meaningful patterns ,correlations and insights to drive strategic decision making for a business

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