What are important functions used in Data Science? #2
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Data science encompasses a variety of functions and techniques to extract insights and knowledge from data. Here are some important functions used in data science:
Data Collection: Gathering relevant data from various sources, which could include databases, APIs, web scraping, and more.
Exploratory Data Analysis (EDA): Analyzing and visualizing data to understand its characteristics, patterns, and relationships. This step often includes the use of statistical methods and graphical representations.
Feature Engineering: Creating new features from existing ones to improve model performance. This involves selecting, transforming, and combining variables.
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Model Development: Building and training predictive models using machine learning algorithms. This step includes tasks such as model selection, hyperparameter tuning, and cross-validation.
Model Evaluation: Assessing the performance of models using metrics like accuracy, precision, recall, F1 score, ROC-AUC, etc. This helps in choosing the best model for the given problem.
Model Deployment : Integrating models into production systems or making them accessible for end-users. This involves considerations for scalability, latency, and monitoring.
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Statistical Analysis: Applying statistical methods to test hypotheses, validate assumptions, and draw inferences from data.
Machine Learning Interpretability : Understanding and interpreting the decisions made by machine learning models, ensuring transparency and accountability.
Natural Language Processing (NLP): Analyzing and processing human language data, often used in applications like sentiment analysis, chatbots, and text summarization.
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