Occam's Razor

APRIL 4, 2011

Any application of algorithmic intelligence , weighted sort , expected range for metric values ( control limits ), or anything that even remotely smells of ever so slightly advanced statistics is a good sign. Also mere existence of statistics is not sufficient. Unknown unknowns are what it's all about!

Reporting 128

Reporting Metrics Dashboards Statistics 128

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

FineReport

NOVEMBER 26, 2019

1) Professional statistical analysis. In terms of R language, it is best at statistical analysis, such as normal distribution, using an algorithm to classify clusters and regression analysis. This kind of analysis is like using data as an experiment. And there is also hypothetical simulation analysis.

Data Analytics 98

Data Analytics Analytics Statistics Visualization 98

DataKitchen

NOVEMBER 5, 2024

Finally, data drift checks examine whether the statistical properties of the data have significantly shifted compared to historical baselines, which can help identify unexpected changes or trends that may affect data accuracy or stability.

Data Quality 204

Data Quality Testing Metrics Reporting 204

FineReport

DECEMBER 19, 2019

It can be used as a portal for data reporting, or as a platform for business analysis. And more importantly, the personal version of FineReport is completely free, which can support individuals to conduct self-service analysis. It is a bit like an enhanced version of PivotTable. Reporting of FineReport. Dashboard of FineReport.

Knowledge Discovery 98

Knowledge Discovery Visualization Reporting Data mining 98

Alation

OCTOBER 12, 2022

Quantitative analysis can take two forms: the traditional business analysis of numerical data, or the more academic quantitative analysis. Traditional business analysis uses numerical methods to paint a picture, often through numerical methods, like statistics.

Statistics 52

Statistics Sales Testing Marketing 52

Smarten

JULY 10, 2018

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.

Analytics 40

Analytics Forecasting Statistics Sales 40

Occam's Razor

JUNE 6, 2011

Once you get sucked into s.vars and e.props and events and all that crap it is very hard to get your head to rise to a strategic thinking level, business analysis level, the things that really matter level. When you are starting out that is so important. So if you can afford it, take a certification course.

Analytics 126

Analytics Consulting Statistics Marketing 126

Occam's Razor

JANUARY 10, 2011

And possess at least some knowledge of the fundamentals of statistics. Recommending actions requires an ability to understand business strategy, marketplace dynamics, some complex situational analysis, root cause identification, and, perhaps most importantly, an ability to identify the right business question.

Analytics 121

Analytics Measurement Data-driven Optimization 121

Smarten

JUNE 26, 2018

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?

Testing 40

Testing Statistics IT Business Intelligence 40

Occam's Razor

MARCH 12, 2012

Clickstream + qualitative data + rigorous statistical analysis of outcomes + deep mining of data from competitive intelligence sources + rapid experiments + more. All it takes is a little business analysis. Here's my post: Five Steps to Finding a Purpose for your Analysis. Have something.

Big Data 128

Big Data Data-driven Unstructured Data Marketing 128

FineReport

MARCH 6, 2024

Comparative data from the billing reports can illustrate the business proficiency of each branch, while the collection rate reveals the billing collection status for each branch. The statistics of accounts receivable mainly serve as an estimate for future expected income.

Reporting 52

Reporting Statistics Operational Reporting Dashboards 52

FineReport

JUNE 14, 2022

How can I write a professional business report? Definition of Business Report. A business report is a formal document that objectively provides statistical data, summarizes historical facts, and sometimes offers reasonable recommendations for a company’s managers. Regional Business Analysis.

Reporting 52

Reporting IT Sales Dashboards 52

Jen Stirrup

JUNE 20, 2020

My analysis is based on the Financial statements put forward by PASS using some basic metrics; until you do that piece, you can’t move forward to compare and contrast it with other data since you have not done your ‘descriptive statistical analysis’ first to ensure that the comparison is valid.

Metrics 104

Metrics Business Analytics Data-driven Statistics 104

Smarten

JUNE 27, 2018

How Can Outlier Detection Improve Business Analysis? All of these tools are designed for business users with average skills and require no special skills or knowledge of statistical analysis or support from IT or data scientists. This data point is an outlier.

IT 40

IT Business Intelligence Predictive Modeling Testing 40

Smarten

JUNE 29, 2018

This article looks at the ARIMAX Forecasting method of analysis and how it can be used for business analysis. All of these tools are designed for business users with average skills and require no special skills or knowledge of statistical analysis or support from IT or data scientists.

Forecasting 40

Forecasting Enterprise IT Business Intelligence 40

FineReport

JANUARY 5, 2022

As a result, it can empower employees to make data-driven decisions based on evidence and analysis. In addition, it can provide a predictive analysis of a specific issue based on statistics and historical data. One method is using Excel built-in charts to do some conventional statistical charts and some advanced dynamic charts.

Reporting 52

Reporting Analytics Visualization Dashboards 52

Occam's Razor

DECEMBER 3, 2008

Business strategy. Your deep understanding of statistics etc is not required. Understanding ecosystem. Trinity type execution of measurement. Smooth talker (sorry, "effective communicator") etc. Javascript hacking skills are optional. It is hard to find both is one place as well. If you want to do that find a partner.

Analytics 115

Analytics Consulting Metrics Reporting 115

FineReport

JUNE 20, 2022

Evolved from dashboards in a car or an airplane, dashboards in business operations provide an at-a-glance view of the essential business information on a single screen for the business owners. A scatter plot requires a large amount of statistical data to achieve the goal of obviously showing the trends.

Dashboards 52

Dashboards Metrics Visualization Sales 52

Occam's Razor

SEPTEMBER 21, 2015

All, very good discussion about the business, and not the data. We ended up in a place with a lot more business analysis, and you had to work harder to develop a point of view on what to do. We added to your analytical skills a demand for business savvy. That's what makes an Analysis Ninja (and simpler slides). #3.

Visualization 161

Visualization Key Performance Indicator Slice and Dice Strategy 161

Smarten

FEBRUARY 11, 2019

As business becomes more competitive, as markets get tighter, there is a need to leverage and optimize your resources to the greatest extent possible. Using the knowledge and skill of each individual on your team and allowing these skills to inform business decisions and business analysis is key.

Analytics 40

Analytics Prescriptive Analytics ROI Statistics 40