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Key Points : Inflation is the general increase in prices for goods and services, which results in a decrease in the purchasing power of money. Inflation occurs due to an imbalance between the demand for and supply of goods and services, or due to rising production costs. Inflation erodes purchasing…
Key Points : Exploratory Data Analysis (EDA) is essential for uncovering patterns, outliers, and relationships in data, setting the stage for deeper analysis and predictive modeling. Utilizes methods like data visualization, statistical summaries, and correlation analysis to explore and understand data comprehensively. Analysts often encounter issues such as missing data,…
Key Points : Data cleaning ensures accuracy and reliability by identifying and rectifying errors, inconsistencies, and inaccuracies in datasets. Challenges with unclean data include duplicate entries, missing values, inaccuracies, outliers, irrelevant data, and collection errors. Effective data cleaning involves removing duplicates, handling missing values, validating data, standardizing formats, correcting errors,…
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