Data analysis involves applying statistical and machine learning techniques to extract insights. These techniques help identify trends, correlations, and patterns in the data.
| Technique | Description | Application |
|---|---|---|
| Descriptive Analysis | Summarizes historical data to identify trends. | Business performance tracking, sales forecasting. |
| Regression Analysis | Predicts continuous outcomes based on input features. | Stock market predictions, medical diagnostics. |
| Cluster Analysis | Groups similar data points based on common features. | Customer segmentation, fraud detection. |