10.1 Univariate Analysis
Univariate analysis is a crucial form of analysis that serves as a fundamental step in comprehending your dataset. It involves examining a single variable, which may seem like a simple task, but it is an important step that provides valuable insights into the nature of your data. By visualizing single variables, you can gain a better understanding of their distribution, tendencies, and peculiarities.
This process can help you identify trends and patterns that may be present in your data, enabling you to make informed decisions based on your findings. For example, if you are examining a dataset of customer purchases, univariate analysis can help you understand the most popular products, the frequency of purchases, and the average amount spent per transaction.
This can help you tailor your marketing and sales strategies to better meet the needs and preferences of your customers. Therefore, it is essential to conduct univariate analysis as part of your data analysis...