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Data analysis is a crucial process for businesses to extract valuable insights from raw data. Here are the 5 key steps involved:

1. Data Collection: Gather relevant data from various sources like surveys, databases, or APIs.

2. Data Cleaning: Cleanse the data by removing errors, inconsistencies, and outliers to ensure accuracy.

3. Data Exploration: Analyze the data using statistical methods and visualization techniques to identify patterns and trends.

4. Data Modeling: Develop statistical models to predict future outcomes or understand complex relationships.

5. Data Interpretation: Interpret the results and draw meaningful conclusions to inform decision-making.
   

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