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Definition of Data Science Data Science involves collecting, analysing, and interpreting data to gain valuable insights and knowledge. This knowledge allows the design of experiments, hypothesistesting, and the derivation of conclusions from data. It forms the basis of predictive modelling and risk assessment.
Accordingly, you need to make sense of the data that you derive from the various sources for which knowledge in probability, hypothesistesting, regression analysis is important. Statistical skills: having a clear idea regarding the procedures of different tasks requires you to have a thorough understanding of statistics.
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