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What is data analytics? Data analytics is a discipline focused on extracting insights from data. It comprises the processes, tools and techniques of dataanalysis and management, including the collection, organization, and storage of data. What are the four types of data analytics?
Overall, clustering is a common technique for statistical dataanalysis applied in many areas. Dimensionality Reduction – Modifying Data. k-means Clustering – Document clustering, Datamining. Hidden Markov Model – Pattern Recognition, Bioinformatics, Data Analytics. Source ].
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Marketanalysis is an extension of marketresearch. While marketresearch tools help curate information to provide a real-time picture of a particular company, industry, or topic, marketanalysis tools aim to understand the context around that information in pursuit of forecasting for the future. .
Predictive analytics : This method uses advanced statistical techniques coming from datamining and machine learning technologies to analyze current and historical data and generate accurate predictions.
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