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

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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. Use Case – 2.

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

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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.

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

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

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How is the Paired Sample T Test Beneficial to Business Analysis? This type of analysis can be useful in numerous situations. Marketing – Have sales increased following a particular campaign? Let’s look at two use cases to better understand the benefit of this technique in business analysis.

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

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Marketing / Market Research – To determine if certain types of products sell better in certain geographic locations than others, and to verify if gender has an influence on purchasing decisions. How Can the Chi Square Test of Association Be Used for Business Analysis? Use Case – 1. Use Case – 2.

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Augmented Analytics Algorithms and Techniques: Learning for Citizen Data Scientists

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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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LCNC in BI and Predictive Analytics

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To understand how this benefits the development team and the business, it is important to understand how low code platform works. By enabling swift development and mitigating the use of complex code, developers can easily add features to keep pace with the market and customer needs, so upgrades and iterations are fast and easy.