article thumbnail

What is Spearman’s Rank Correlation and How is it Useful for Business Analysis?

Smarten

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. The Spearman’s Rank Correlation is a measure of correlation between two ranked (ordered) variables. Use Case – 1.

article thumbnail

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

Smarten

For example, one might consider two groups of participants that are measured at two different “time points” or two groups that are subjected to two different “conditions” Paired T Test is used to evaluate the before and after of a situation, treatment, condition, etc. is the same in two related groups.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

Smarten

To better understand multiple linear regression, let’s look at one such analysis of independent variables: Temperature and Humidity, and a target variable (yield). How Can Multiple Linear Regression Be Helpful for Business Analysis? Use Case – 1. The dependent variable is crop production. About Smarten.

article thumbnail

Business Dashboard: Door To Acute Business Insights

FineReport

Request a demo and we’ll show you how FineReport benefit your business analysis and decision-making, which could further release your business potential. Dashboard for business performance. Financial performance is a vital aspect to measure your business performance. Dashboard for business development.

article thumbnail

Analytics Career Advice: Job Titles, Salaries, Technical & Business Roles

Occam's Razor

If you stick to web analytics your title might tap out at one of the titles mentioned above (say Sr. If you really want to have your Job Title grow a lot more then you'll have to gradually move to the world of Business Analytics (not web) and Business Intelligence roles in IT. 2| Business Individual Contributor.

Analytics 115
article thumbnail

The Magic of Universal Analytics: Strategy, Tactics, Implementation Tips

Occam's Razor

In a Q&A after a keynote a couple of years ago, I was asked: " When will traditional business analysis subsume the web analytics silo? " " My reply: " All business will ultimately be digital, so, if anything, web analytics will subsume business analysis! " No digital.

Strategy 151
article thumbnail

Seize The Power Of Analytical Reports – Business Examples & Templates

datapine

For an analytical-style report format to work it its optimum capacity, selecting the right KPI template to build up your performance and business goals – is vital. This is an essential component of making sure that you get the structure of an analytical report just right. click to enlarge**.

Reporting 245