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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. How is Spearman’s Rank Correlation Useful for Business Analysis? Business Problem: An educational organization wants to assess students’ rating, based on two different sources of observation.

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

Smarten

This article describes the analytical technique of multiple linear regression. What is Multiple Linear Regression Analysis? To better understand multiple linear regression, let’s look at one such analysis of independent variables: Temperature and Humidity, and a target variable (yield). Use Case – 1.

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

Smarten

This article discusses the Paired Sample T Test method of hypothesis testing and analysis. How is the Paired Sample T Test Beneficial to Business Analysis? This type of analysis can be useful in numerous situations. What is the Paired Sample T Test? is the same in two related groups. Use Case – 1.

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What is ARIMAX Forecasting and How is it Used for Enterprise Analysis?

Smarten

This article looks at the ARIMAX Forecasting method of analysis and how it can be used for business analysis. For more information about data trend and pattern analysis techniques, read our article entitled, ‘ What Are Data Trends and Patterns, and How Do They Impact Business Decisions?’

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What is Outlier Analysis and How Can It Improve Analysis?

Smarten

This article presents a brief explanation of Outliers, and how this type of analysis is used. What is Outlier Analysis? How Can Outlier Detection Improve Business Analysis? An outlier is an element of a data set that distinctly stands out from the rest of the data. This data point is an outlier. About Smarten.

IT 40
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What is the Chi Square Test of Association and How Can it be Used for Analysis?

Smarten

This article describes chi square test of association and hypothesis testing. This technique is used to determine if the relationship exists between any two business parameters that are of categorical data type. How Can the Chi Square Test of Association Be Used for Business Analysis? Use Case – 1. About Smarten.

Testing 40
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Top 5 BI tools of 2019: Comparison and How to decide

FineReport

BI software assists businesses with data display and analytics to help companies discover the situations, market challenges, as well as the chance. In this article, I compared the top 5 BI tools of 2019 based on the overall ease-of-use, BI features, and the price. A Beginner’s Guide to Business Dashboards. From Google.