How do you balance exploratory and confirmatory analysis in your data mining projects?
Data mining is the process of discovering patterns and insights from large and complex datasets. It involves both exploratory and confirmatory analysis, which have different goals and methods. Exploratory analysis is the initial and creative phase of data mining, where you try to find interesting and unexpected patterns, relationships, and anomalies in your data. Confirmatory analysis is the final and rigorous phase of data mining, where you test and validate your hypotheses, models, and results using statistical techniques and criteria. How do you balance these two types of analysis in your data mining projects? Here are some tips and best practices to help you.