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Lehigh Preserve Institutional RepositoryAn Exploratory Analysis of Participant Employment Outcomes in a Pennsylvania WelfaretoWork Program, 20132016 Nicholson, Harvey 2016Find more at https://preserve.lib.lehigh.edu/
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Define the objectives of the exploratory analysis.
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Collect and clean the dataset to ensure accuracy.
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Utilize descriptive statistics to summarize the central tendency, dispersion, and shape of the dataset.
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Visualize the data using charts, graphs, and plots to identify patterns and anomalies.
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Examine the relationships between different variables using correlation and regression analyses.
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An exploratory analysis is typically a preliminary investigation of data to summarize its main characteristics, often using visual methods. It aims to uncover patterns, spot anomalies, test hypotheses, and check assumptions.
Individuals or organizations conducting research or data analysis may be required to file an exploratory analysis, particularly when they need to report findings to stakeholders, regulatory bodies, or during the initial stages of a data-driven project.
To fill out an exploratory analysis, one should identify the variables of interest, collect and clean the relevant data, apply statistical techniques and visualizations to examine relationships and distributions, and document observations and insights in a structured format.
The purpose of an exploratory analysis is to gain a better understanding of the dataset, identify trends and patterns, generate hypotheses for further investigation, and provide a foundation for subsequent statistical modeling.
An exploratory analysis should report on descriptive statistics (mean, median, mode, etc.), data visualizations (graphs, charts), identified trends or patterns, significant anomalies, and summaries of key findings and insights drawn from the data.
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