Reference no: EM133269824

Problem:

1. How would you address issues of objectivity and subjectivity when data is analyzed? Provide at least two data analysis approaches or methods. Justify your rationale.
2. How would you determine statistical significance and accurate outcome measurements? Provide at least two data analysis approaches or methods. Justify your rationale.

You are given a simulated stream of data, in the form of a time series. The time series represents traffic data from a simulated highway system and the process of mining the data is based on simulated motion sensors.

1. Describe a stochastic model, one you might build to generate such data. Define the appropriate distribution (e.g. Gaussian) for each data source.
2. Implement the model in your favorite programming language and show the time series it generates. Visualize the data using appropriate plots.