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Objective: Simplifying the problem solutions, for example using adjacency matrix and graph (in
social network).
A primary goal of data visualization is to communicate information clearly and efficiently via statistical
graphics, plots and information graphics.
Data visualization is both an art and a science. It is viewed as a branch of descriptive statistics by some,
but also as a grounded theory development tool by others.
DATA VISUALIZATION MATTERS
• Identify areas that need attention or improvement
• Clarify which factors influence other factors such as in customer behavior
• Help you understand your problem and solution (example: which products to place
where)
• Predict future changes (example: sales volumes)
VIDEO
• The Beauty of Data Visualization - https://www.youtube.com/watch?v=5Zg-C8AAIGg
• The Art of Data Visualization - https://www.youtube.com/watch?v=AdSZJzb-aX8
Looking for Correlation
• You have two sampling variables (X and Y). Does the value of one variable depend on the other or are the
variables random.
• Correlation then determines the probability that the two variables are randomly correlated.
• Correlations can be strong or weak.
• Strong correlations are extremely useful in identifying root causes and/or what the most important variables are
• Weak correlations open the way for tremendous ambiguity
• If two variables are correlated, it means that one variable can be written as a function of the other.
Looking for Correlation
Example: Correlation Matrix
The Future (According to Data)
The forecasts are shown as a blue line, with the 80% prediction intervals as an gray shaded
area, and the 95% prediction intervals as a light gray shaded area.
The Future (According to Data)
Predict Network Growth
NoSQL for Big Data
A NoSQL (originally referring to "non SQL" or "non relational")[1] database provides a mechanism
for storage and retrieval of data that is modeled in means other than the tabular relations used
in relational databases.
They hold and help manage the vast reservoirs of structured and unstructured data that make it possible to
mine for insight with Big Data