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CRISP - DM Exploratory Data Analysis (EDA)
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Table of Content
Elements in EDA
The "First Moment Business Decision" is another name for the Central Tendency Measure.
Median
- Median is the middle value of the dataset
- Median of a dataset does not get influenced by outliers
Mode
- Mode is the value, which repeats maximum times
- Mode is applied to Discrete data
- Data with a single mode is referred to as unimodal, data with two modes as bimodal, and data with more than two modes as multimodal
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Measure of Dispersion also called as Second Moment Business Decision
Measure of Skewness
- Data concentrated to the right is Left Skewed also called Negatively Skewed
- Data concentrated to the left is Right Skewed also called Positively Skewed
- Presence of long tails helps in devising interesting business strategies
Measure of Kurtosis
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