The correct answer is: D. All of the mentioned
Exploratory analysis is a type of data analysis that is used to explore data and find patterns. It is often used as a first step in data analysis, before more formal statistical analysis is conducted. Exploratory analysis can be used to identify relationships between variables, to find outliers, and to get a better understanding of the data.
Exploratory analysis is not usually the final way to analyze data. Once patterns have been identified, they can be used to develop formal hypotheses that can be tested with statistical analysis. Exploratory analysis can also be used to develop models that can be used to make predictions. However, exploratory analysis alone should not be used for predicting. Formal statistical analysis is necessary to ensure that the results of exploratory analysis are accurate.
Here is a brief explanation of each option:
- A. Exploratory analyses are usually the final way. This is not true. Exploratory analysis is often the first step in data analysis, but it is not usually the final way to analyze data. Once patterns have been identified, they can be used to develop formal hypotheses that can be tested with statistical analysis. Exploratory analysis can also be used to develop models that can be used to make predictions. However, exploratory analysis alone should not be used for predicting. Formal statistical analysis is necessary to ensure that the results of exploratory analysis are accurate.
- B. Exploratory models are useful for discovering new connection. This is true. Exploratory analysis can be used to identify relationships between variables, to find outliers, and to get a better understanding of the data. This can help to discover new connections between variables that were not previously known.
- C. Exploratory analysis alone should not be used for predicting. This is true. Formal statistical analysis is necessary to ensure that the results of exploratory analysis are accurate. Exploratory analysis alone should not be used for predicting.
Therefore, the correct answer is: D. All of the mentioned