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What is the Paired Sample T Test and How is it Beneficial to Business Analysis?

Smarten

At 95% confidence level (5% chance of error): As p-value = 0.041 which is less than 0.05, there is a statistically significant difference between means of pre and post sample values. How is the Paired Sample T Test Beneficial to Business Analysis? This type of analysis can be useful in numerous situations.

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Best business analyst certifications to level up your career

CIO Business Intelligence

Business analysts are in high demand, with 24% of Fortune 500 companies currently hiring business analysts across a range of industries, including technology (27%), finance (13%), professional services (10%), and healthcare (5%), according to data from Zippia. It is designed for less experienced and entry-level business analysts.

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What is Spearman’s Rank Correlation and How is it Useful for Business Analysis?

Smarten

This article describes the Spearman’s Rank Correlation and how it is used for enterprise analysis. Correlation is a statistical measure that indicates the extent to which two variables fluctuate together A positive correlation indicates the extent to which those variables increase or decrease in parallel. Use Case – 1.

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What is Multiple Linear Regression and How Can it be Helpful for Business Analysis?

Smarten

What is Multiple Linear Regression Analysis? Multiple Linear Regression is a statistical technique that is designed to explore the relationship between two or more variables (X, and Y). How Can Multiple Linear Regression Be Helpful for Business Analysis? Use Case – 1.

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What is Frequent Pattern Mining (Association) and How Does it Support Business Analysis?

Smarten

How Does Frequent Pattern Mining Support Business Analysis? This method of analysis can be useful in evaluating data for various business functions and industries. Basket Data Analysis – To analyze the association of purchased items in a single basket or single purchase. Confidence (milk->bread) = 0.5

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Your Data Won’t Speak Unless You Ask It The Right Data Analysis Questions

datapine

If you want to survive, it’s time to act.” – Capgemini and EMC² in their study Big & Fast Data: The Rise of Insight-Driven Business. You’ll want to be mindful of the level of measurement for your different variables, as this will affect the statistical techniques you will be able to apply in your analysis.

IT 317
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Financial Statements: Types, Examples, and Analysis

FineReport

Comparative data from the billing reports can illustrate the business proficiency of each branch, while the collection rate reveals the billing collection status for each branch. The statistics of accounts receivable mainly serve as an estimate for future expected income.