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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. About Smarten.

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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. For example, a business might use this technique to understand whether there was a difference in manager salaries before and after undertaking a PhD program. One is a time dimension containing months and the other is a measure.

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Augmented Analytics Algorithms and Techniques: Learning for Citizen Data Scientists

Smarten

This article summarizes our recent article series on the definition, meaning and use of the various algorithms and analytical methods and techniques used in predictive analytics for business users, and in augmented data preparation and augmented data discovery tools. Use Case(s): Average value of all cars in U.S.