Towhid Al Jihad’s Post

The Art of Proxies: When the Data You Need Doesn't Exist In textbooks, you always find the perfect dataset to answer your question. However, in the real world, the exact data point you need rarely exists. This is where great analysts distinguish themselves from average ones: the ability to identify and validate Proxy Variables. A proxy is a variable that is not directly relevant but serves in place of an unobservable or immeasurable variable. For example: - Can't measure "customer happiness"? Use NPS scores or support ticket volume as a proxy. - Can't measure "economic activity" in a region with poor reporting? Researchers have successfully used satellite imagery of nighttime lights as a proxy. The skill lies not just in finding the proxy but also in understanding its limitations. A proxy is a shadow of the truth, not the truth itself. Always caveat your findings accordingly. What’s the most creative proxy you’ve ever used in research . #DataAnalytics #DataScience #Python #Coding #TechTips #DataCommunity #BusinessIntelligence #Strategy #DataDriven #MarketResearch #CriticalThinking #DecisionMaking

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