What are the limitations, What type of data analysis:

What are the limitations

Assignment Help Project Management

Reference no: EM133751944

Question: How will you analyze the data, what type of data analysis: descriptive, predictive, prescriptive, what are the limitations?
Include the AI prompt in your appendix
Be sure to list any ethical concerns as well as any processes that may or may not work in your specific case.
(Previous Step) Unit 5: Personal Project - Obtain the data

Data Selection and Cleaning
Dataset Selection: I have selected the Airbnb dataset for New York City from Inside Airbnb for this research project. This dataset
provides detailed information on Airbnb listings, encompassing price, location, property type, host details, availability, and booking rates. It is perfect for examining the effects of Airbnb listings on the housing market in the area.

Data Cleaning: Once the dataset was downloaded, I thoroughly cleaned it to guarantee that it was clear, easy to read, and comprehensive.

1. Handling Missing Values: I handled missing data by either imputing values or removing them, ensuring that it had minimal impact on the analysis.

2. Standardizing Data Formats: For consistency's sake, data formats for variables like dates, prices, and position coordinates were made the same.

3. Removing Duplicates: To keep the data's integrity, duplicate records were found and removed.

4. Handling Outliers: I got rid of or changed outliers in variables like price and booking rates, so they didn't have too much of an effect on the results of the analysis.

Challenges Faced: Dealing with a lot of data, complicated data structures, and factors that weren't clear was hard, even after the data was cleaned up carefully. These were taken care of by paying close attention to the details and cleaning the data repeatedly.

Ethical Concerns: Some of the most important ethical issues that come up with this study are the privacy of Airbnb hosts, the possible effects on local communities, and following the rules for using data that have been given.

Reference no: EM133751944

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