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

datapine

Based on your company’s strategy, goals, budget, and target customers you should prepare a set of questions that will smoothly walk you through the online data analysis and help you arrive at relevant insights. For example, you need to develop a sales strategy and increase revenue. This quote might sound a little dramatic.

IT 317
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What is the Paired Sample T Test and How is it Beneficial to Business Analysis?

Smarten

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.

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What is Multiple Linear Regression and How Can it be Helpful for Business Analysis?

Smarten

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). How Can Multiple Linear Regression Be Helpful for Business Analysis? The dependent variable is product sales data.

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What is Frequent Pattern Mining (Association) and How Does it Support Business Analysis?

Smarten

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

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Business Report: Definition, Types, Samples, and How to Create it?

FineReport

How can I write a professional business report? Definition of Business Report. A business report is a formal document that objectively provides statistical data, summarizes historical facts, and sometimes offers reasonable recommendations for a company’s managers. Multi-dimensional sales analysis by FineReport.

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Augmented Analytics Algorithms and Techniques: Learning for Citizen Data Scientists

Smarten

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.

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Analytics Report: Definite Guide You Will Ever Need

FineReport

As a result, it can empower employees to make data-driven decisions based on evidence and analysis. In addition, it can provide a predictive analysis of a specific issue based on statistics and historical data. One method is using Excel built-in charts to do some conventional statistical charts and some advanced dynamic charts.