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What is data analytics? Analyzing and managing data for decisions

CIO Business Intelligence

More specifically: Descriptive analytics uses historical and current data from multiple sources to describe the present state, or a specified historical state, by identifying trends and patterns. In business analytics, this is the purview of business intelligence (BI). Data analytics and data science are closely related.

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

Smarten

This article describes chi square test of association and hypothesis testing. What is the Chi Square Test of Association Method of Hypothesis Testing? This technique is used to determine if the relationship exists between any two business parameters that are of categorical data type. Use Case – 1.

Testing 40
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Augmented Analytics Algorithms and Techniques: Learning for Citizen Data Scientists

Smarten

Multiple Linear Regression: What is Multiple Linear Regression and How Can it be Helpful for Business Analysis? Independent Samples T Test: What is the Independent Samples T Test Method of Analysis and How Can it Benefit an Organization? Use Case(s): Are men more satisfied with their jobs than women?

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What is the Holt-Winters Forecasting Algorithm and How Can it be Used for Enterprise Analysis?

Smarten

Business Benefit : Helps in planning for repeat telecast and for more advertisement (fund raising) if the projected count of viewers is high. Business Problem : Insurance claim manager wants to forecast policy sales for next month based on past 12 months data. 2) Double Exponential Smoothing Use Case.