Smart Data Collective

JUNE 16, 2022

Team Upskilling: Train business analysts on planning, gap analysis, scoping & blueprinting, cost-benefit calculation of new initiatives, solution architecture, modelling, elicitation, requirement management, performance management, and other improvement initiatives. Tools Updating: A business analyst is as good as his/her tools.

Business Analytics 132

Business Analytics Analytics Forecasting Business Analysis 132

Smarten

JUNE 29, 2018

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. About Smarten.

Business Analysis 40

Business Analysis IT Sales Statistics 40

Smarten

JUNE 29, 2018

How is Spearman’s Rank Correlation Useful for Business Analysis? Business Problem: An educational organization wants to assess students’ rating, based on two different sources of observation. The closer this value is to 0, the weaker the relationship/association is between both variables. Use Case – 1. About Smarten.

Business Analysis 40

Business Analysis IT Measurement Statistics 40

Smarten

JUNE 29, 2018

How is the Paired Sample T Test Beneficial to Business Analysis? This type of analysis can be useful in numerous situations. Let’s look at two use cases to better understand the benefit of this technique in business analysis. Therefore, the treatment was not effective. Use Case – 1. About Smarten.

Business Analysis 40

Business Analysis Testing Statistics Advertising 40

Smarten

JUNE 29, 2018

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

Business Analysis 40

Business Analysis IT Business Intelligence Sales 40

Occam's Razor

FEBRUARY 7, 2011

For help with identifying opportunities and how to do business analysis please see this post: The Beginner's Guide to Advanced Web Data Analysis. By doing multichannel analytics! The latter, except in rare cases, is hard to do predictive analytics on unless you are a stagnant business.

Analytics 94

Analytics Measurement Metrics Predictive Analytics 94

Smarten

JUNE 27, 2018

How Can Outlier Detection Improve Business Analysis? The Smarten approach to business intelligence and business analytics focuses on the business user and provides Advanced Data Discovery so users can perform early prototyping and test hypotheses without the skills of a data scientist. About Smarten.

IT 40

IT Business Intelligence Predictive Modeling Testing 40