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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.

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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.

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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.

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Business Dashboard: Door To Acute Business Insights

FineReport

In the business world, saving time can bring more efficiency and benefits to enterprises. Business dashboards can present key insights in a more automated and real-time manner, saving employees time in collecting and reporting data. Dashboard for business performance. Dashboard for business development.

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Seize The Power Of Analytical Reports – Business Examples & Templates

datapine

In recent years, analytical reporting has evolved into one of the world’s most important business intelligence components, compelling companies to adapt their strategies based on powerful data-driven insights. What Is An Analytical Report? Your Chance: Want to build your own analytical reports completely free?

Reporting 245
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Analytics Career Advice: Job Titles, Salaries, Technical & Business Roles

Occam's Razor

Michael, politely, says in an email: "I have done web analytics for five years, I have mastered Omniture, WebTrends and Google Analytics, I provide analysis and not just reporting. I feel like am an Analytics God. 3) I am simply assuming you are good at tools and some technical stuff and some business stuff.

Analytics 115
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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