Describe the various steps involved while carrying out an analytical project.

Sharad Jaiswal
Sharad Jaiswal

Posted On: Feb 22, 2018

 

The various steps carried out during an analytical project are:

  • Understanding the business problem
  • Exploring the data and familiarizing with it
  • Preparing the data by spotting outliners, identifying and transforming variables and considering missing values, etc.
  • Once the data is prepared, start running the model, evaluate the result, make necessary changes in the approach (if required)
  • Authenticate the model using a new set of data
  • Start implementation of the model along with keeping a check on the result in order to evaluate the performance of the model over time

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