Statistical Thinking - Data Understanding and Preparation

#datascience #machinelearning #statistics

In this video we are going to prepare dataset and will use it in future video to understand some statistical function in details. But as we are preparing the dataset let us learn some interesting facts on credit lending business

There are 6 key steps to statistical analysis

Have an understanding of data and business surrounding the data
Know how the data is being collected
Is it raw or summarized data
If summarized what is the lineage of data
Understanding the distribution and nature of your data
Analyze the data, draw and assess conclusion from it
In this video I will walk thorough the first 4 steps

Original file in Kaggle -

Link to summary file -

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