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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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Your Data Won’t Speak Unless You Ask It The Right Data Analysis Questions

datapine

All of our experience has taught us that data analysis is only as good as the questions you ask. Additionally, you want to clarify these questions regarding data analysis now or as soon as possible – which will make your future business intelligence much clearer. They form the bedrock for the rest of this process.

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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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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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Financial Dashboard: Definition, Examples, and How-tos

FineReport

Furthermore, we will introduce some business intelligence solution that excels in simplifying the process of creating and utilizing a financial dashboard effectively. Financial KPI Dashboard The financial KPI dashboard aggregates vital performance indicators that hold significant importance in business analysis and decision-making.

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Business Intelligence Dashboard Software: Make Business Successful

FineReport

Living in a digital era, foresighted enterprises resort to business intelligence to improve their competitiveness. Among amounts of intelligent choices, business intelligence(BI) dashboard software is an awesome one. Data visualization: BI dashboard software transforms numbers and words into charts and tables.

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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. A modern data report offers a host of interactive data charts and visualizations you can use to your advantage.

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