Remove Business Analysis Remove Modeling Remove Statistics Remove Visualization
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Your Data Won’t Speak Unless You Ask It The Right Data Analysis Questions

datapine

If you want to survive, it’s time to act.” – Capgemini and EMC² in their study Big & Fast Data: The Rise of Insight-Driven Business. You’ll want to be mindful of the level of measurement for your different variables, as this will affect the statistical techniques you will be able to apply in your analysis.

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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? Use Case – 1.

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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 Spearman’s Rank Correlation and How is it Useful for Business Analysis?

Smarten

This article describes the Spearman’s Rank Correlation and how it is used for enterprise analysis. 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. Use Case – 1.

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Top 6 Data Analytics Tools in 2019

FineReport

You will find that they are designed according to the data analysis process. First, data processing, data cleaning, and then data modeling, finally data visualization that uses presentation of charts to identify problems and influence decision-making. 1) Professional statistical analysis. 2) Power BI.

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How Do Super Rookies Start Learning Data Analysis?

FineReport

At the same time, it also advocates visual exploratory analysis. The visualization component library of FineReport is very rich. It can be used as a portal for data reporting, or as a platform for business analysis. Besides, Matplotlib and Seaborn are the main visualization tools of Python.

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What is the Chi Square Test of Association and How Can it be Used for Analysis?

Smarten

It is used to determine whether there is a statistically significant association between the two categorical variables. This technique is used to determine if the relationship exists between any two business parameters that are of categorical data type. How Can the Chi Square Test of Association Be Used for Business Analysis?

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