What types of data can we use for bi and analytics


Problem

i. What is data? How does data differ from information and knowledge?
ii. What are the main categories of data? What types of data can we use for BI and analytics?
iii. Can we use the same data representation for all analytics models? Why, or why not?
iv. What is a 1-of-N (i.e., one-hot) data representation? Why and where is it used in analytics projects?

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