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Answer» The impact of missing values can be known after IDENTIFYING what kind of VARIABLES have the missing values. - If the data ANALYST finds any pattern in these missing values, then there are chances of finding meaningful insights.
- In case of patterns are not FOUND, then these missing values can either be IGNORED or can be replaced with default values such as mean, minimum, maximum, or median values.
- If the missing values belong to categorical variables, then they are assigned with default values. If the data has a normal distribution, then mean values are assigned to missing values.
- If 80% values are missing, then it depends on the analyst to either replace them with default values or drop the variables.
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