What is ARIMAX Forecasting and How is it Used for Enterprise Analysis?
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?
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?
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?
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
What is Outlier Analysis and How Can It Improve Analysis?
This article presents a brief explanation of Outliers, and how this type of analysis is used. What is Outlier Analysis? An outlier is an element of a data set that distinctly stands out from the rest of the data. In … Continued
What is the Decision Tree Analysis and How Does it Help a Business to Analyze Data?
In this article, we will discuss the Decision Tree analysis method. What is Decision Tree Analysis? There are two basic types of decision tree analysis: Classification and Regression. 1) Classification Trees are used when the target variable is categorical and, as … Continued
What is the Chi Square Test of Association and How Can it be Used for Analysis?
This article describes chi square test of association and hypothesis testing. What is the Chi Square Test of Association Method of Hypothesis Testing? It is used to determine whether there is a statistically significant association between the two categorical variables. … Continued
Are BI Tools Designed for Production Planning & Control?
Do I Need BI Tools Designed for Production Planning and Control? As with any other software implementation, a business may choose a solution that has a basic toolkit and features and spend time and money on customization, believing that they … Continued
Self-Service Data Prep Empowers Business Users!
What is Self-Service Data Preparation? Self-serve data preparation allows business users with average technical skills to gather and prepare data for analysis without the help of an IT professional or a data scientist. So, why is that important? Data prep … Continued
Natural Language Processing for Advanced Analytics!
Advanced Analytics That Speaks Your Language! Imagine you are trying to search for something in a store, but there is no one there to help you and all of the products are mixed up. You have to walk up and … Continued