This article provides a brief explanation of the KMeans Clustering algorithm. What is the KMeans Clustering algorithm? The KMeans Clustering algorithm is a process by which objects are classified into number of groups so that they are as much dissimilar as possible from one group […]
Month: June 2018
This article provides a brief explanation of the definition and uses of the Descriptive Statistics algorithms. What is a Descriptive Statistics? Descriptive statistics helps users to describe and understand the features of a specific dataset, by providing short summaries and a graphic depiction of the […]
Bank Loan, Data Literacy, Descriptive Statistics, Mean, Median, Mode, Percentile, Product Popularity, Quality Control, Quartile, Training for Citizen Data Scientist This article provides a brief explanation of the Holt-Winters Forecasting model and its application in the business environment. What is the Holt-Winters Forecasting Algorithm? The Holt-Winters algorithm is used for forecasting and It is a time-series forecasting method. Time series forecasting methods are used to […]
Citizen Data Scientist, Data Literacy, Double Exponential Smoothing, Forecasting, Holt-Winters Forecasting, Predictive Analytics, Single Exponential Smoothing, Triple Exponential Smoothing In this article, we will focus on the identification and exploration of data patterns and the trends that data reveals. The business can use this information for forecasting and planning, and to test theories and strategies. Let’s look at the various methods of trend and […]
Citizen Data Scientist, Cyclical Patterns, Damped Trend, Data Literacy, Data Patterns, Data Trends and Patterns, Exponential Trend, Irregular/Random Patterns, Linear Trend, Seasonality, Stationary/Stationarity Self-Serve Data Prep Should be Just That – Self-Serve! Self-serve has many meanings. You can pump your own gas, you can serve yourself at a buffet, and sometimes you can even do your own data preparation. You will notice that I said ‘sometimes’. That is […]
Augmented Data Preparation, Data Preparation Software, Data Preparation Tools, Self-Serve Data Prep, Self-Serve Data Preparation, Self-Service Data Prep, Self-Service Data Preparation Are Smart Data Discovery Tools Smart Enough to Help Business Users? Augmented analytics, augmented data discovery, advanced data discovery…all of these terms can seem intimidating but they don’t have to be. In fact, it might be less intimidating to think of advanced analytics software as […]
Advanced Analytics Software, Advanced Analytics Tool, Advanced Data Discovery, Augmented Analytics, Data Discovery Software, Data Discovery Tools, Smart Data Discovery 