a data analyst is analyzing sales data for the newest version of a product. they use third-party data about an older version of the product. for what reasons is this inappropriate for their analysis? select all that apply.

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19-12-2022
Business

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a data analyst is analyzing sales data for the newest version of a product. they use third-party data about an older version of the product. for what reasons is this inappropriate for their analysis? select all that apply.

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AnkitM AnkitM · Answer 1 · 2022-12-22T05:28:04-05:00

Third-party data about an older version of the product is inappropriate because it is not original or current.

Most businesses constantly gather data, yet this data is meaningless in its unprocessed state. What you do with the data is what really matters. Data analytics is the act of examining raw data to identify patterns, trends, and insights that might provide valuable information about a certain business domain. Following that, informed judgments based on data are made using these insights. Your choice of analysis will determine the types of insights you can draw from your data. Descriptive, diagnostic, predictive, and prescriptive data analysis are the four basic categories used in data analytics and data science.

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