Smarten

JUNE 29, 2018

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). How Can Multiple Linear Regression Be Helpful for Business Analysis? 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. Use Case – 1.

Business Analysis 40

Business Analysis IT Measurement Statistics 40

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. So, Support (x -> y)= no.

Business Analysis 40

Business Analysis IT Business Intelligence Sales 40

Smarten

JUNE 29, 2018

How is the Paired Sample T Test Beneficial to Business Analysis? This type of analysis can be useful in numerous situations. Let’s look at two use cases to better understand the benefit of this technique in business analysis. Therefore, the treatment was not effective. Use Case – 1.

Business Analysis 40

Business Analysis Testing Statistics Advertising 40

Smarten

JANUARY 17, 2020

As one of its Strategic Assumptions, Gartner predicted that ‘By 2020, more than 40% of data science tasks will be automated, resulting in increased productivity and broader usage by citizen data scientists.’ Look for Self-Serve Data Preparation , Smart Data Visualization , and Assisted Predictive Modeling.

Analytics 52

Analytics Predictive Modeling Business Analysis Visualization 52

Smarten

JUNE 29, 2018

This article looks at the ARIMAX Forecasting method of analysis and how it can be used for business analysis. ARIMAX is suitable for analysis where there are additional explanatory variables (multivariate) in categorical and/or numeric format. How Can ARIMAX Forecasting Be Used for Enterprise Analysis?

Forecasting 40

Forecasting Enterprise IT Business Intelligence 40

Smarten

JUNE 27, 2018

How Can Outlier Detection Improve Business Analysis? That focus will help the business to select the right method of analysis, graphing or plotting to reveal the results they need to see and understand. If you look at the Histogram below, you will see that one value lies far to the left of all other data.

IT 40

IT Business Intelligence Predictive Modeling Testing 40