7 Effective Ways to Deal With a Small Dataset

Big data and data science are concepts often heard together. It is believed that nowadays there are large amounts of data and that data science can draw valuable insights from all these terabytes of information. However, in a practical scenario, you will often have limited data to solve a problem. Gathering a big dataset can be prohibitively expensive or simply impossible (e.g., only having records from a certain time period when doing time series analysis). As a result, there is often no choice but to work with a small dataset, trying to get as accurate predictions as possible.