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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 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. Use Case – 2. The dependent variable is crop production.

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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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To Improve Customer Experience, Improve the Digital Employee Experience

CIO Business Intelligence

Even with flexible remote work policies, the most seasoned employees in roles such as customer support, data science, business analysis, and DevSecOps move on to greener pastures and leave—just when they finally seemed to figure out how everything works. We’re settling on a hybrid model of digital work.

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Business Intelligence Trends: Pathway to Command Future

FineReport

Predictive business analysis. Predictive business analysis is one of the most important factors for enterprises to use business intelligence nowadays. Over time, regardless of the size of an enterprise, data-driven solutions are needed to meet its business needs, and data will be migrated to the cloud.

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Top 10 Key Features of BI Tools in 2020

FineReport

Nowadays, the business intelligence market is heating up. Both the investment community and the IT circle are paying close attention to big data and business intelligence. The metadata here is focused on the dimensions, indicators, hierarchies, measures and other data required for business analysis.

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

datapine

Additionally, incorporating a decision support system software can save a lot of company’s time – combining information from raw data, documents, personal knowledge, and business models will provide a solid foundation for solving business problems. Try our professional data analysis software for 14 days, completely free!

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