Smarten

JUNE 29, 2018

At 95% confidence level (5% chance of error): As p-value = 0.041 which is less than 0.05, there is a statistically significant difference between means of pre and post sample values. How is the Paired Sample T Test Beneficial to Business Analysis? This type of analysis can be useful in numerous situations. About Smarten.

Business Analysis 40

Business Analysis Testing Statistics Advertising 40

Smarten

JUNE 29, 2018

This article describes the analytical technique of multiple linear regression. What is Multiple Linear Regression Analysis? Multiple Linear Regression is a statistical technique that is designed to explore the relationship between two or more variables (X, and Y). The dependent variable is product sales data.

Business Analysis 40

Business Analysis IT Sales Statistics 40

Smarten

JUNE 29, 2018

This article looks at the ARIMAX Forecasting method of analysis and how it can be used for business analysis. ARIMAX provides forecasted values of the target variables for user-specified time periods to clearly illustrate results for planning, production, sales and other factors. What is ARIMAX Forecasting? About Smarten.

Forecasting 40

Forecasting Enterprise IT Business Intelligence 40

datapine

MAY 27, 2020

An analytical report is a type of a business report that uses qualitative and quantitative company data to analyze as well as evaluate a business strategy or process while empowering employees to make data-driven decisions based on evidence and analytics. Sales: How to exceed targets next year? Sales Target.

Reporting 245

Reporting Analytics Dashboards Sales 245

Smarten

JUNE 29, 2018

How Does Frequent Pattern Mining Support Business Analysis? This method of analysis can be useful in evaluating data for various business functions and industries. Basket Data Analysis – To analyze the association of purchased items in a single basket or single purchase. Confidence (milk->bread) = 0.5

Business Analysis 40

Business Analysis IT Business Intelligence Sales 40

Smarten

JULY 10, 2018

Use Case(s): Weather Forecasting, Fraud Analysis and more. Frequent Pattern Mining (Association): What is Frequent Pattern Mining (Association) and How Does it Support Business Analysis? Use Case(s): Market Basket Analysis, Frequently Bundled Products and more. Use Case(s): Average value of all cars in U.S.

Analytics 40

Analytics Forecasting Statistics Sales 40