Question
A data analyst is tasked with improving operational
efficiency by examining employee performance metrics and identifying bottlenecks. Which of the following skills is most essential for successfully accomplishing this task?Solution
For a data analyst tasked with improving operational efficiency by analyzing performance metrics, data cleaning and transformation are the most critical skills. Before any meaningful analysis can take place, raw data often needs to be cleaned and structured properly. This may involve handling missing values, removing outliers, converting data types, and aggregating data to ensure it is consistent and ready for analysis. This foundational step is essential because, without clean, well-organized data, even the most sophisticated analysis would be flawed. A good data analyst must ensure that data is reliable and structured before applying any complex modeling techniques. Additionally, data wrangling skills are necessary to handle unstructured data, making it usable for further analysis. Option A (Knowledge of machine learning algorithms) is incorrect because machine learning is more advanced and typically comes into play once data is clean, and a proper analysis framework is in place. Option C (Expertise in advanced SQL queries) is incorrect because although SQL queries are helpful for data extraction, they are not the most critical skill for cleaning and transforming raw data. Option D (Experience with dashboard creation in Tableau) is important for presenting insights but does not directly help in transforming or cleaning data. Option E (Understanding of statistical modeling) is incorrect because statistical modeling is useful for data analysis but not as essential for data cleaning and transformation.
Material cost variances are analyzed to understand the reasons for differences between actual and standard costs. The material cost variance is the tota...
Which of the following issues of securities shall be made through the EBP platform (Electronic Book Provider)?
Consider the following statements:
- The World Investment Report is released by the World Economic Forum.
- In...
Which of the following is a technique for waste minimization that explains how a work space should be organized for efficiency and effectiveness by iden...
According to the capital asset pricing model, a security with a _________.
As per the guidelines issued by the Reserve Bank of India in June 2021, each NBFC-MFI is required to maintain not less than ______ of its net assets as ...
Recently RBI approved five banks to work with it on a pilot project for its digital currency -- the Digital Rupee, which of the following is not in the ...
What is the maximum amount of loan an individual borrower can get from Tier-2 to 4 UCBs for housing loans?
Cost or expenses must be recorded at the same time as the revenue to which they correspond is specified by which principle?
Which of the following statement is not true:
1.At the international level, the function of treasury management is concerned with management of f...