BA Learnings

JANUARY 2, 2023

This may require using tools such as Microsoft Excel or Google Sheets for fundamental statistical analysis or more advanced tools such as Tableau for visualizing complex datasets. Identify Areas of Improvement Once the data has been analyzed, identify areas where improvement is needed for processes to become more efficient or cost-effective.

Data Analytics 130

Data Analytics Analytics Metrics Testing 130

Smarten

JUNE 29, 2018

This article focuses on the Independent Samples T Test technique of Hypothesis testing. What is the Independent Samples T Test Method of Hypothesis Testing? Let’s look at a sample of the Independent t-test on two variables. How Can the Independent Samples T Test Method Benefit an Organization?

Testing 40

Testing Statistics IT Business Intelligence 40

Domino Data Lab

JULY 28, 2021

Through a marriage of traditional statistics with fast-paced, code-first computer science doctrine and business acumen, data science teams can solve problems with more accuracy and precision than ever before, especially when combined with soft skills in creativity and communication. Math and Statistics Expertise.

Data Science 110

Data Science Statistics Recreation/Entertainment Predictive Analytics 110

Smarten

JUNE 29, 2018

This article discusses the Paired Sample T Test method of hypothesis testing and analysis. What is the Paired Sample T Test? The Paired Sample T Test is used to determine whether the mean of a dependent variable e.g., weight, anxiety level, salary, reaction time, etc., is the same in two related groups.

Business Analysis 40

Business Analysis Testing Statistics Advertising 40

Smarten

JUNE 26, 2018

This article describes chi square test of association and hypothesis testing. What is the Chi Square Test of Association Method of Hypothesis Testing? It is used to determine whether there is a statistically significant association between the two categorical variables. Use Case – 1.

Testing 40

Testing Statistics IT Business Intelligence 40

IBM Big Data Hub

SEPTEMBER 19, 2023

Though you may encounter the terms “data science” and “data analytics” being used interchangeably in conversations or online, they refer to two distinctly different concepts. Data science is an area of expertise that combines many disciplines such as mathematics, computer science, software engineering and statistics.

Data Science 84

Data Science Data Analytics Prescriptive Analytics Analytics 84

CIO Business Intelligence

NOVEMBER 14, 2022

They generally leverage simple statistical and analytical tools, but Power notes that some OLAP systems that allow complex analysis of data may be classified as hybrid DSS systems. Commonly used models include: Statistical models. They emphasize access to and manipulation of a model. TIBCO Spotfire.

Data mining 144

Data mining Data-driven Statistics OLAP 144

Smarten

JULY 23, 2019

What is Predictive Analytics and How Can it Help My Business? What is predictive analytics? Put simply, predictive analytics is a method used to forecast and predict the future results and needs of an organization using historical data and a comprehensive set of data from across and outside the enterprise.

Modeling 63

Modeling Predictive Analytics Predictive Modeling IT 63

BizAcuity

APRIL 1, 2023

There are primarily two underlying techniques that can be leveraged for AML initiatives- Exploratory Data Analysis and Predictive analytics. Predictive Analytics It is a subset of business analytics that uses statistical techniques (algorithms) to find patterns in historical data points and predict future outcomes with high accuracy.

Machine Learning 52

Machine Learning Predictive Analytics Predictive Modeling Risk 52

Smart Data Collective

AUGUST 10, 2021

. ‘Although companies in healthcare, IT and finance are some of the biggest investors in analytics technology, plenty of other sectors are investing in analytics as well. Analytics Becomes Major Asset to Companies Across All Sectors. The most significant benefit of statistical analysis is that it is completely impartial.

Data Analytics 135

Data Analytics Analytics Big Data Key Performance Indicator 135

BizAcuity

JANUARY 18, 2023

There are primarily two underlying techniques that can be leveraged for AML initiatives- Exploratory Data Analysis and Predictive analytics. Predictive Analytics. For predictive analytics to deliver high accuracy, a lot depends on the combination of domain knowledge and technical expertise.

Machine Learning 52

Machine Learning Predictive Analytics Predictive Modeling Risk 52

CIO Business Intelligence

JUNE 14, 2023

Organization: AWS Price: US$300 How to prepare: Amazon offers free exam guides, sample questions, practice tests, and digital training. The exam tests general knowledge of the platform and applies to multiple roles, including administrator, developer, data analyst, data engineer, data scientist, and system architect.

Big Data 126

Big Data Data Analytics Analytics Predictive Modeling 126

datapine

JANUARY 6, 2022

More often than not, it involves the use of statistical modeling such as standard deviation, mean and median. Let’s quickly review the most common statistical terms: Mean: a mean represents a numerical average for a set of responses. Standard deviation: this is another statistical term commonly appearing in quantitative analysis.

Visualization 246

Visualization Dashboards Cost-Benefit Measurement 246

IBM Big Data Hub

JULY 6, 2023

Areas making up the data science field include mining, statistics, data analytics, data modeling, machine learning modeling and programming. Ultimately, data science is used in defining new business problems that machine learning techniques and statistical analysis can then help solve.

Machine Learning 60

Machine Learning Data Science Statistics Deep Learning 60

FineReport

MARCH 24, 2024

Descriptive analytics: Assessing historical trends, such as sales and revenue. Predictive analytics: Forecasting likely outcomes based on patterns and trends to facilitate proactive decision-making. Jupyter Notebooks: Simplifies code testing and collaboration for data analysis tasks.

Statistics 52

Statistics Data mining Visualization Reporting 52

Smarten

NOVEMBER 8, 2022

“By the end of this course, participants will understand the role and value of Citizen Data Scientists and the benefits to the organization, as well as the integration points and cultural shifts that will position analytical professionals and Citizen Data Scientists to work more productively,” Patel says.

Business Intelligence 52

Business Intelligence Predictive Modeling Statistics Data-driven 52

Occam's Razor

MARCH 23, 2021

Finally, few analytics teams obsess about predictive analytics in a way that allows them to dictate future action. The first component is a gloriously scaled global creative pre-testing program. The creative is what matters, and, unfortunately, few people who do modern analytics focus on the creative.

Analytics 131

Analytics Scorecard Strategy Testing 131

Smarten

JUNE 17, 2022

After completion of the testing procedure, the certificate is provided to show that all requirements were met. The Smarten approach to business intelligence and business analytics focuses on the business user and provides Advanced Data Discovery so users can perform early prototyping and test hypotheses without the skills of a data scientist.

Analytics 67

Analytics IT Business Intelligence Predictive Modeling 67

Sisense

OCTOBER 6, 2020

Most commonly, we think of data as numbers that show information such as sales figures, marketing data, payroll totals, financial statistics, and other data that can be counted and measured objectively. All descriptive statistics can be calculated using quantitative data. Digging into quantitative data. This is quantitative data.

Statistics 98

Statistics Unstructured Data Data-driven Visualization 98

Smarten

APRIL 12, 2023

About Smarten The Smarten approach to business intelligence and business analytics focuses on the business user and provides Advanced Data Discovery so users can perform early prototyping and test hypotheses without the skills of a data scientist.

Snapshot 52

Snapshot Key Performance Indicator KPI Business Intelligence 52

Smart Data Collective

AUGUST 15, 2019

Market Testing. For example, Chime Bank used artificial intelligence to test 216 versions of its homepage in just three months. The human resources department is in a unique position to help curb those statistics and ensure the workforce is strategically aligned with the cost factors of a business. Indirect Costs.

Big Data 83

Big Data Sales Testing Statistics 83

Smarten

JUNE 20, 2018

The business can use this information for forecasting and planning, and to test theories and strategies. In prediction, the objective is to “model” all the components to some trend patterns to the point that the only component that remains unexplained is the random component. Linear Trend. Stationary/Stationarity.

Forecasting 40

Forecasting Statistics Business Intelligence Predictive Modeling 40

Smarten

JUNE 29, 2018

What is the Karl Pearson Correlation Analytical Technique? Correlation is a statistical measure that indicates the extent to which two variables fluctuate together. This article explains the Karl Pearson Correlation method of analysis, and how it can be applied in business.

Enterprise 40

Enterprise IT Statistics Business Intelligence 40

Smarten

JUNE 29, 2018

Simple Linear Regression is a statistical technique that attempts to explore the relationship between one independent variable (X) and one dependent variable (Y). All of these tools are designed for business users with average skills and require no special skills or knowledge of statistical analysis or support from IT or data scientists.

Enterprise 40

Enterprise Sales Statistics Business Intelligence 40

Smarten

JUNE 29, 2018

This article describes the analytical technique of multiple linear regression. Multiple Linear Regression is a statistical technique that is designed to explore the relationship between two or more variables (X, and Y). What is Multiple Linear Regression Analysis?

Business Analysis 40

Business Analysis IT Sales Statistics 40

Smarten

JUNE 27, 2018

When a business uses Outlier analysis, it is important to test the results and analyze the overall dataset and environment to be sure that the presence of outliers does not indicate that the dataset may be more complex than anticipated and may require a different form of analysis.

IT 40

IT Business Intelligence Predictive Modeling Testing 40

Smarten

JUNE 29, 2018

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. This article describes the Spearman’s Rank Correlation and how it is used for enterprise analysis.

Business Analysis 40

Business Analysis IT Measurement Statistics 40

Smarten

JUNE 29, 2018

Improved statistical precision is achieved through this method due to the low variability within each subgroup, and the fact that a smaller sample size is required for this method as compared to simple random sampling. A random sample from each of these subgroups is taken in proportion to the subgroup size relative to the population size.

Analytics 40

Analytics Statistics Business Intelligence Predictive Modeling 40

Domino Data Lab

JULY 28, 2021

Data science is a field at the convergence of statistics, computer science and business. Data science is an interdisciplinary field within STEM that combines math and statistics, computer science, and business acumen to find patterns in complex datasets that can be used to improve decision making. What are Data Scientists?

Data Science 45

Data Science Machine Learning Statistics Deep Learning 45

BizAcuity

MAY 16, 2022

His name was William Gosset and he is credited to have developed the student t-test. He went on to be the head brewer of Guinness and we thank him for not just great hand-crafted beers but subsequent research breakthroughs in statistical research as well. Data allowed Guinness to hold their market dominance for long.

Business Intelligence 52

Business Intelligence Data mining Visualization Data Lake 52

Smarten

JUNE 28, 2018

The Smarten approach to business intelligence and business analytics focuses on the business user and provides Advanced Data Discovery so users can perform early prototyping and test hypotheses without the skills of a data scientist.

IT 40

IT Business Intelligence Predictive Modeling Risk 40

Smarten

JUNE 29, 2018

The Smarten approach to business intelligence and business analytics focuses on the business user and provides Advanced Data Discovery so users can perform early prototyping and test hypotheses without the skills of a data scientist.

Forecasting 40

Forecasting Enterprise IT Business Intelligence 40

Smarten

JUNE 26, 2018

The Smarten approach to business intelligence and business analytics focuses on the business user and provides Advanced Data Discovery so users can perform early prototyping and test hypotheses without the skills of a data scientist.

Forecasting 40

Forecasting Enterprise IT Sales 40

Occam's Razor

AUGUST 22, 2011

Accuracy, Precision & Predictive Analytics. Multiplicity: Succeed Awesomely At Web Analytics 2.0! Rethink Web Analytics: Introducing Web Analytics 2.0. Data Mining And Predictive Analytics On Web Data Works? Five Reasons And Awesome Testing Ideas. Lab Usability Testing: What, Why, How Much.

KPI 124

KPI Metrics Measurement ROI 124

Birst BI

AUGUST 23, 2018

If your data science resources are strained, here is an example data scientist workflow that leverages Birst to speed up tasks throughout the application development lifecycle – data preparation, model development and testing with R integration, deployment into the business, and governance and management.

Machine Learning 73

Machine Learning Data Science Testing Metrics 73

Smarten

JUNE 29, 2018

The Smarten approach to business intelligence and business analytics focuses on the business user and provides Advanced Data Discovery so users can perform early prototyping and test hypotheses without the skills of a data scientist.

IT 40

IT Business Intelligence Predictive Modeling Statistics 40

Smarten

JUNE 26, 2018

The Smarten approach to business intelligence and business analytics focuses on the business user and provides Advanced Data Discovery so users can perform early prototyping and test hypotheses without the skills of a data scientist.

IT 40

IT Business Intelligence Predictive Modeling Statistics 40