What is the Independent Samples T Test Method of Analysis and How Can it Benefit an Organization?

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Oct 18, 2018

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?

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Oct 18, 2018

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?

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Oct 17, 2018

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?

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Oct 17, 2018

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?

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Oct 17, 2018

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?

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Oct 17, 2018

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

What is ARIMAX Forecasting and How is it Used for Enterprise Analysis?

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Oct 17, 2018

This article looks at the ARIMAX Forecasting method of analysis and how it can be used for business analysis. What is ARIMAX Forecasting? An Autoregressive Integrated Moving Average with Explanatory Variable (ARIMAX) model can be viewed as a multiple regression … Continued

What is Karl Pearson Correlation Analysis and How Can it be Used for Enterprise Analysis Needs?

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Oct 17, 2018

This article explains the Karl Pearson Correlation method of analysis, and how it can be applied in business. What is the Karl Pearson Correlation Analytical Technique? Correlation is a statistical measure that indicates the extent to which two variables fluctuate … Continued

What is Hierarchical Clustering and How Can an Organization Use it to Analyze Data?

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Oct 16, 2018

This article discusses the analytical method of Hierarchical Clustering and how it can be used within an organization for analytical purposes. What is Hierarchical Clustering? Hierarchical Clustering is a process by which objects are classified into a number of groups … Continued

What is SVM Classification Analysis and How Can It Benefit Business Analytics?

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Oct 16, 2018

This article provides a brief explanation of the SVM Classification method of analytics. What is SVM Classification Analysis? SVM Classifications are based on the idea of finding a hyper plane that best divides a dataset into predefined classes, as shown … Continued

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