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Common Mistakes Data Analysts Must Avoid ⚠️📊

Even experienced analysts can fall into these traps. Avoid these mistakes to ensure accurate, impactful analysis!

1️⃣ Ignoring Data Cleaning 🧹
Messy data leads to misleading insights. Always check for missing values, duplicates, and inconsistencies before analysis.

2️⃣ Relying Only on Averages 📉
Averages hide variability. Always check median, percentiles, and distributions for a complete picture.

3️⃣ Confusing Correlation with Causation 🔗
Just because two things move together doesn’t mean one causes the other. Validate assumptions before making decisions.

4️⃣ Overcomplicating Visualizations 🎨
Too many colors, labels, or complex charts confuse your audience. Keep it simple, clear, and focused on key takeaways.

5️⃣ Not Understanding Business Context 🎯
Data without context is meaningless. Always ask: "What problem are we solving?" before diving into numbers.

6️⃣ Ignoring Outliers Without Investigation 🔍
Outliers can signal errors or valuable insights. Always analyze why they exist before deciding to remove them.

7️⃣ Using Small Sample Sizes ⚠️
Drawing conclusions from too little data leads to unreliable insights. Ensure your sample size is statistically significant.

8️⃣ Failing to Communicate Insights Clearly 🗣️
Great analysis means nothing if stakeholders don’t understand it. Tell a story with data—don’t just dump numbers.

9️⃣ Not Keeping Up with Industry Trends 🚀
Data tools and techniques evolve fast. Keep learning SQL, Python, Power BI, Tableau, and machine learning basics.

Avoid these mistakes, and you’ll stand out as a reliable data analyst!

Share with credits: https://www.tg-me.com/sqlspecialist

Hope it helps :)



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Common Mistakes Data Analysts Must Avoid ⚠️📊

Even experienced analysts can fall into these traps. Avoid these mistakes to ensure accurate, impactful analysis!

1️⃣ Ignoring Data Cleaning 🧹
Messy data leads to misleading insights. Always check for missing values, duplicates, and inconsistencies before analysis.

2️⃣ Relying Only on Averages 📉
Averages hide variability. Always check median, percentiles, and distributions for a complete picture.

3️⃣ Confusing Correlation with Causation 🔗
Just because two things move together doesn’t mean one causes the other. Validate assumptions before making decisions.

4️⃣ Overcomplicating Visualizations 🎨
Too many colors, labels, or complex charts confuse your audience. Keep it simple, clear, and focused on key takeaways.

5️⃣ Not Understanding Business Context 🎯
Data without context is meaningless. Always ask: "What problem are we solving?" before diving into numbers.

6️⃣ Ignoring Outliers Without Investigation 🔍
Outliers can signal errors or valuable insights. Always analyze why they exist before deciding to remove them.

7️⃣ Using Small Sample Sizes ⚠️
Drawing conclusions from too little data leads to unreliable insights. Ensure your sample size is statistically significant.

8️⃣ Failing to Communicate Insights Clearly 🗣️
Great analysis means nothing if stakeholders don’t understand it. Tell a story with data—don’t just dump numbers.

9️⃣ Not Keeping Up with Industry Trends 🚀
Data tools and techniques evolve fast. Keep learning SQL, Python, Power BI, Tableau, and machine learning basics.

Avoid these mistakes, and you’ll stand out as a reliable data analyst!

Share with credits: https://www.tg-me.com/sqlspecialist

Hope it helps :)

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How Does Bitcoin Mining Work?

Bitcoin mining is the process of adding new transactions to the Bitcoin blockchain. It’s a tough job. People who choose to mine Bitcoin use a process called proof of work, deploying computers in a race to solve mathematical puzzles that verify transactions.To entice miners to keep racing to solve the puzzles and support the overall system, the Bitcoin code rewards miners with new Bitcoins. “This is how new coins are created” and new transactions are added to the blockchain, says Okoro.

Should I buy bitcoin?

“To the extent it is used I fear it’s often for illicit finance. It’s an extremely inefficient way of conducting transactions, and the amount of energy that’s consumed in processing those transactions is staggering,” the former Fed chairwoman said. Yellen’s comments have been cited as a reason for bitcoin’s recent losses. However, Yellen’s assessment of bitcoin as a inefficient medium of exchange is an important point and one that has already been raised in the past by bitcoin bulls. Using a volatile asset in exchange for goods and services makes little sense if the asset can tumble 10% in a day, or surge 80% over the course of a two months as bitcoin has done in 2021, critics argue. To put a finer point on it, over the past 12 months bitcoin has registered 8 corrections, defined as a decline from a recent peak of at least 10% but not more than 20%, and two bear markets, which are defined as falls of 20% or more, according to Dow Jones Market Data.

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