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6 Case Studies on The Benefits of Business Intelligence And Analytics

datapine

Using business intelligence and analytics effectively is the crucial difference between companies that succeed and companies that fail in the modern environment. Everything is being tested, and then the campaigns that succeed get more money put into them, while the others aren’t repeated. Let’s look at our first use case.

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The curse of Dimensionality

Domino Data Lab

Statistical methods for analyzing this two-dimensional data exist. MANOVA, for example, can test if the heights and weights in boys and girls is different. This statistical test is correct because the data are (presumably) bivariate normal. The accuracy of any predictive model approaches 100%.