Smarten

JUNE 29, 2018

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.

Business Analysis 40

Business Analysis IT Measurement Statistics 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

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

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

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

Smarten

JUNE 27, 2018

How Can Outlier Detection Improve Business Analysis? When a business uses Outlier analysis, it is important to test the results and analyze the overall dataset and environment to be sure that the presence of outliers does not indicate that the dataset may be more complex than anticipated and may require a different form of analysis.

IT 40

IT Business Intelligence Predictive Modeling Statistics 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

Occam's Razor

DECEMBER 3, 2008

Business strategy. Your deep understanding of statistics etc is not required. Long Term Job Title Growth: Not too much if your company is in the ASP based model (and remember ASP is not just for WA, it is now for testing, behavior targeting, surveys, electric shocks, everything!). Understanding ecosystem.

Analytics 115

Analytics Consulting Metrics Reporting 115

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. At this time, mastery of business knowledge is frequently used as a litmus test for reporting people’s abilities.

Reporting 52

Reporting Analytics Visualization Dashboards 52