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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 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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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.

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Business Intelligence Dashboard Software: Make Business Successful

FineReport

Business intelligence dashboard is a common module that general business intelligence has to realize data visualization. Be more specific, it is a data virtualization tool that shows the status of measurement information and key business indicators (KPI) to enterprises. Cost analysis (by FineReport). Advantages.

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

datapine

The questions to ask when analyzing data will be the framework, the lens, that allows you to focus on specific aspects of your business reality. Once you have your data analytics questions, you need to have some standard KPIs that you can use to measure them. Try our professional data analysis software for 14 days, completely free!

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The Difference Between Web Reporting And Web Analysis

Occam's Razor

What's the difference between web reporting and web analysis? " That applies to what is analysis. So here I what I actually said: If you see a data puke then you know you are looking at the result of web reporting, even if it is called a dashboard. So what about web analysis? All good signs of analysis.

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How AI and IoT Solutions Can Improve Your Business

Smart Data Collective

The following elucidates the same: l Improved Protective Measures. Security and protection are the most important aspects for a business, given the recent growth in data thefts and loss of valuable data. In the financial sector, for instance, unlawful activity in ATMs is detected by IoT sensors and quickly reported to law authorities.

IoT 133