Project Understanding
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Learn how to define project goals and business requirements in analytics.
Problem Statement
What is a Problem Statement?
A Problem Statement clearly defines:
What problem needs to be solved
Why it is important
What outcome is expected
Simple meaning:
"Hum kya solve kar rahe hain aur kyun?"Example 1: E-commerce Project
❌ Weak Statement:
"Analyze sales data."✔ Strong Statement:
"Identify the factors affecting monthly sales decline and suggest strategies to improve revenue."Example 2: Education Project
"Analyze student performance data to identify factors affecting low exam scores."
Why Problem Statement is Important?
✔ Gives project direction
✔ Defines goals clearly
✔ Helps select correct data
✔ Avoids unnecessary analysisSMART Approach
A good problem statement should be:
S – Specific
M – Measurable
A – Achievable
R – Relevant
T – Time-bound
Data Collection
What is Data Collection?
Data Collection is the process of gathering data required to solve the problem.
Without proper data, even the best analysis will fail.
Types of Data
Primary Data
Collected directly from source.
Examples:
Surveys
Interviews
Questionnaires
Secondary Data
Already collected by someone else.
Examples:
Company database
Government reports
Online datasets
Data Sources
Tools Used for Data Collection
MySQL
Microsoft Excel
Google Forms
PostgreSQL