What is Naïve Bayes Classification and How is it Used for Enterprise Analysis?
This article will focus on the Naïve Bayes Classification method of analysis. What is Naïve Bayes Classification? Naive Bayes is a classification algorithm that is suitable for binary and multiclass classification. It is a supervised classification technique used to classify … Continued
What is Frequent Pattern Mining (Association) and How Does it Support Business Analysis?
In this article, we discuss the analytical method known as frequent pattern mining, previously known as ‘association’. What is Frequent Pattern Mining? Frequent Pattern Mining (AKA Association Rule Mining) is an analytical process that finds frequent patterns, associations, or causal … Continued
What is KNN Classification and How Can This Analysis Help an Enterprise?
In this article, we will discuss the KNN Classification method of analysis. What is the KNN Classification Algorithm? The KNN (K Nearest Neighbors) algorithm analyzes all available data points and classifies this data, then classifies new cases based on these … Continued
What is Multiple Linear Regression and How Can it be Helpful for Business Analysis?
This article describes the analytical technique of multiple linear regression. What is Multiple Linear Regression Analysis? Multiple Linear Regression is a statistical technique that is designed to explore the relationship between two or more variables (X, and Y). It is … Continued
What is the Independent Samples T Test Method of Analysis and How Can it Benefit an Organization?
This article focuses on the Independent Samples T Test technique of Hypothesis testing. What is the Independent Samples T Test Method of Hypothesis Testing? The independent sample t-test is a statistical method of hypothesis testing that determines whether there is … Continued
What Are Simple Random Sampling and Stratified Random Sampling Analytical Techniques?
This article discusses the analytical technique known as Sampling and provides a brief explanation of two types of sampling analysis, and how each of these methods is applied. What is Sampling Analysis? Sampling is the technique of selecting a representative … Continued
What is Spearman’s Rank Correlation and How is it Useful for Business Analysis?
This article describes the Spearman’s Rank Correlation and how it is used for enterprise analysis. What is Spearman’s Rank Correlation? Correlation is a statistical measure that indicates the extent to which two variables fluctuate together A positive correlation indicates the … Continued
What is Binary Logistic Regression Classification and How is it Used in Analysis?
In this article, we will discuss the Binary Logistic Regression Classification method of analysis, and how it can be used in business. What is Binary Logistic Regression Classification? Logistic regression measures the relationship between the categorical target variable and one … Continued
What is the Paired Sample T Test and How is it Beneficial to Business Analysis?
This article discusses the Paired Sample T Test method of hypothesis testing and analysis. What is the Paired Sample T Test? The Paired Sample T Test is used to determine whether the mean of a dependent variable e.g., weight, anxiety … Continued
What is Simple Linear Regression and How Can an Enterprise Use this Technique to Analyze Data?
This article describes the Simple Linear Regression method of analysis. What is Simple Linear Regression? Simple Linear Regression is a statistical technique that attempts to explore the relationship between one independent variable (X) and one dependent variable (Y). This method … Continued