Embark on the journey of data collection and cleaning, the cornerstone of successful statistical arbitrage. Ever wondered why garbage in, garbage out is a mantra? Here lies the answer! This task ensures the data is reliable and primed for analysis. It involves fetching data from various sources like exchanges and cleaning it to remove outliers and erroneous values. Are you ready for the challenge? Cleaning data enhances accuracy. Let’s get the right tools and your analytical mindset in gear to overcome data inconsistencies!