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9/29/15 CDS Vijayamohan 1
The purpose of analyzing data is
to obtain usable and useful information.
Statistics
the art of collecting and interpreting data,
ranging from planning the collection to
presenting the conclusions,
9/29/15 CDS Vijayamohan 3
John Wilder Tukey (1962) “The Future of Data
Analysis”. Ann. Math. Statist., 33,1-67.
He argued:
"In data analysis we must look to a very
heavy emphasis on judgment.”
9/29/15 CDS Vijayamohan 7
Six blind men observing an elephant:
9/29/15 CDS Vijayamohan 8
Tukey (1962) remarked:
“Large parts of data analysis are inferential in the
sample-to-population sense,
but these are only parts, not the whole.
9/29/15 CDS Vijayamohan 10
Summary statistics of a data set :
measures of central tendency,
measures of variability or dispersion,
and
measures of the shape of the
distribution of the data.
Univariate analysis
and
Bivariate analysis
9/29/15 CDS Vijayamohan 11
Univariate analysis
describes the distribution of a single variable,
in terms of its
9/29/15 CDS Vijayamohan 13
Bivariate analysis
9/29/15 CDS Vijayamohan 14
Traditionally data analysis divided into
descriptive statistics, and confirmatory data
analysis (CDA).
9/29/15 CDS Vijayamohan 17
John W. Tukey, (1977) Exploratory Data
Analysis, Reading, MA: Addison-Wesley.
9/29/15 CDS Vijayamohan 18
EDA,
unlike traditional modelling
approaches,
makes extensive use of analytical
graphics
along with numerical summaries.
9/29/15 CDS Vijayamohan 20
Econometricians are often accused of never
actually looking at their data.
Exploratory data analysts believe in the
inter-ocular trauma test:
keep looking at the data until the answer
hits you between the eyes!”
- Kennedy (1992: 284)
9/29/15 CDS Vijayamohan 21
Data mining
involving methods of
artificial intelligence,
machine learning,
statistics, and
9/29/15 CDS Vijayamohan 22
database systems.
Artificial intelligence
9/29/15 CDS Vijayamohan 23
Machine learning
9/29/15 CDS Vijayamohan 24
The related terms
data dredging, data fishing, and data snooping
9/29/15 CDS Vijayamohan 25
Data mining
9/29/15 CDS Vijayamohan 26
Data Mining
Other terms :
Data Archaeology,
Information Harvesting,
Information Discovery,
Knowledge Extraction, etc
9/29/15 CDS Vijayamohan 27
Data interpretation:
Explaining the patterns and trends uncovered
through data analysis,
bringing all the background knowledge,
experience, and skills to bear on the question
and relating the data to existing scientific
ideas/theories.
9/29/15 CDS Vijayamohan 28
As in science research,
disagreement may be common and
may generally lead to
more data collection and
new research methods and
new findings.
9/29/15 CDS Vijayamohan 29
Data interpretation
not a free-for-all,
nor are all interpretations equally valid.