Smarten

JUNE 29, 2018

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.

Business Analysis 40

Business Analysis IT Sales Statistics 40

Smarten

JUNE 29, 2018

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.

Business Analysis 40

Business Analysis IT Measurement Statistics 40

Smarten

JUNE 29, 2018

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.

Business Analysis 40

Business Analysis Testing Statistics Advertising 40

Smarten

JUNE 29, 2018

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?’

Forecasting 40

Forecasting Enterprise IT Business Intelligence 40

Smarten

JUNE 27, 2018

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.

IT 40

IT Business Intelligence Predictive Modeling Testing 40

Smarten

JUNE 26, 2018

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.

Testing 40

Testing Statistics IT Business Intelligence 40

Smarten

JUNE 29, 2018

In this article, we discuss the analytical method known as frequent pattern mining, previously known as ‘association’ What is Frequent Pattern Mining? How Does Frequent Pattern Mining Support Business Analysis? Confidence (milk->bread) = 0.5

Business Analysis 40

Business Analysis IT Business Intelligence Sales 40