Book Image

Hands-On Exploratory Data Analysis with Python

By : Suresh Kumar Mukhiya, Usman Ahmed
Book Image

Hands-On Exploratory Data Analysis with Python

By: Suresh Kumar Mukhiya, Usman Ahmed

Overview of this book

Exploratory Data Analysis (EDA) is an approach to data analysis that involves the application of diverse techniques to gain insights into a dataset. This book will help you gain practical knowledge of the main pillars of EDA - data cleaning, data preparation, data exploration, and data visualization. You’ll start by performing EDA using open source datasets and perform simple to advanced analyses to turn data into meaningful insights. You’ll then learn various descriptive statistical techniques to describe the basic characteristics of data and progress to performing EDA on time-series data. As you advance, you’ll learn how to implement EDA techniques for model development and evaluation and build predictive models to visualize results. Using Python for data analysis, you’ll work with real-world datasets, understand data, summarize its characteristics, and visualize it for business intelligence. By the end of this EDA book, you’ll have developed the skills required to carry out a preliminary investigation on any dataset, yield insights into data, present your results with visual aids, and build a model that correctly predicts future outcomes.
Table of Contents (17 chapters)
1
Section 1: The Fundamentals of EDA
6
Section 2: Descriptive Statistics
11
Section 3: Model Development and Evaluation

p-hacking

p-hacking is a serious methodological issue. It is also referred to as data fishing, data butchery, or data dredging. It is the misuse of data analysis to detect patterns in data that can be statistically meaningful. This is done by conducting one or more tests and only publishing those that come back with higher-significance results.

We have seen in the previous section, Hypothesis testing, that we rely on the P-value to draw a conclusion. In simple words, this means we compute the P-value, which is the probability of the results. If the P-value is small, the result is declared to be statistically significant. This means if you create a hypothesis and test it with some criteria and report a P-value less than 0.05, the readers are likely to believe that you have found a real correlation or effect. However, this could be totally false in real life. There could be no...