The first step in identifying business problems is to engage stakeholders to define objectives. It's critical to understand what the business or the specific stakeholders hope to achieve with the data analysis. Without clear, defined objectives, the analysis might miss the mark or provide insights that are not aligned with the business needs. Engaging stakeholders ensures that the analyst is solving the correct problem, using the right data, and setting up measurable goals that align with organizational priorities. This step is key to focusing the analysis on areas that will add the most value to the business. Option A (Define key performance indicators - KPIs) is important but comes after understanding the objectives. Option B (Identify potential data sources) is a necessary step but follows once the problem and objectives are well defined. Option D (Gather and clean the data) is crucial but should happen after aligning the objectives with the business needs. Option E (Build a predictive model) is a part of the analysis process but comes much later, after the problem and objectives are clearly understood.
Which among the following statements are not true with respect to Aluminium toxicity?
Parturition in cattle is known as
Which is not a measure of central tendency?
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The mineral fraction of the soil represents
One kilogram of nitrogen is equivalent to which of the following quantity of urea?
Anion exchange capacity is found maximum in the case of:
Given below are two statements:
Statement I: The transpiration, water is loss from aerial parts of plants in the form of invisible water vapours....
What is the term for slowing down the growth of a bud by making an incision below it?
Which milk component is primarily responsible for aiding digestion in the stomach by acting as a carrier for calcium and phosphate?
