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Text Data Mining: Predictive and Exploratory Analysis of Text Jaime Arguello email.UNC. August 23, 2017Outline Introductions What is Text Data Mining? Predictive Analysis of Text: The Big Picture
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How to fill out predictive and exploratory analysis

01
To fill out a predictive and exploratory analysis, follow these steps:
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Define the objective: Clearly state the problem you are trying to solve or the question you are trying to answer through the analysis.
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Collect relevant data: Gather all the necessary data that is required to conduct the analysis. This may include historical data, surveys, or other sources of information.
04
Clean and preprocess the data: Clean the data by removing any errors, outliers, or missing values. Preprocess the data by transforming it into a suitable format for analysis.
05
Select appropriate analysis techniques: Choose the right predictive and exploratory analysis techniques based on the nature of the problem and the available data. This may include regression analysis, clustering, or data visualization.
06
Apply the chosen techniques: Use the selected analysis techniques to explore patterns, relationships, and trends in the data. Perform predictive modeling to make predictions or forecasts based on historical data.
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Interpret the results: Analyze the outcomes of the analysis and interpret the findings in a meaningful way. Draw conclusions, make recommendations, and communicate the insights effectively.
08
Validate and refine: Validate the accuracy and reliability of the analysis by comparing the results with known or expected outcomes. Refine the analysis by adjusting parameters or techniques if necessary.
09
Document and communicate: Document the entire analysis process, including the methods used, data sources, and results. Share the findings with relevant stakeholders through reports, presentations, or visualizations.

Who needs predictive and exploratory analysis?

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Predictive and exploratory analysis can be useful for various individuals and organizations, including:
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- Business analysts: They can use these analyses to identify trends, forecast future outcomes, and make data-driven decisions for their organizations.
03
- Researchers and scientists: They can utilize these analyses to explore relationships, validate theories, and gain deeper insights into their research subjects.
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- Marketing professionals: They can leverage predictive analysis to understand customer behavior, target specific segments, and optimize marketing campaigns.
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- Financial institutions: They can apply predictive analysis to assess credit risk, detect fraud, and make investment decisions.
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- Healthcare providers: They can utilize predictive analysis to improve patient outcomes, predict disease risks, and personalize treatment plans.
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- Government agencies: They can use these analyses to inform policy decisions, identify areas of improvement, and streamline governmental operations.
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- Sports teams: They can employ predictive analysis to analyze player performance, optimize strategies, and enhance game outcomes.
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- Startups and entrepreneurs: They can benefit from these analyses to make informed business choices, identify market opportunities, and optimize resource allocation.
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Predictive analysis involves using data, statistical algorithms, and machine learning techniques to identify the likelihood of future outcomes based on historical data. Exploratory analysis, on the other hand, focuses on exploring data sets to find patterns, trends, and relationships without having a specific hypothesis in mind.
Organizations and individuals who engage in data-driven decision-making and are required to report on their findings for regulatory, compliance, or business purposes may need to file predictive and exploratory analysis.
To fill out predictive and exploratory analysis, one should gather relevant data, apply suitable analysis techniques, document the methodology, interpret the results, and clearly present the findings in a structured format.
The purpose of predictive analysis is to forecast future outcomes and trends, enabling better decision-making, while exploratory analysis aims to uncover insights and patterns within the data that may not be immediately apparent.
The report should include the data sources used, the analytical methods applied, key findings and insights, any assumptions made, and clear visualizations of the results.
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