## 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 together. A positive correlation indicates […]

## 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 so that they are as […]

## 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 in the image below. The […]

## 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 other words, outliers are those […]

## 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 the name implies, are […]

## 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. This technique is used to […]

## What is FP Growth Analysis and How Can a Business Use Frequent Pattern Mining to Analyze Data?

This article provides a brief explanation of the FP Growth technique of Frequent Pattern Mining. What is the FP Growth Algorithm? Frequent pattern mining (previously known as Association) is an analytical algorithm that is used by businesses and, is accessible in some self-serve business intelligence […]

## What is ARIMA Forecasting and How Can it Be Used for Enterprise Analysis?

This article provides a brief explanation of the ARIMA method of analytical forecasting. What is ARIMA Forecasting? Autoregressive Integrated Moving Average (ARIMA) predicts future values of a time series using a linear combination of its past values and a series of errors. This analytical forecasting […]

## What is the Multinomial-Logistic Regression Classification Algorithm and How Does One Use it for Analysis?

This article provides a brief definition of the multinomial-logistic regression classification algorithm and its uses and benefits. What is the Multinomial-Logistic Regression Classification Algorithm? Logistic regression measures the relationship between the categorical target variable and one or more independent variables It deals with situations in […]

## What is the KMeans Clustering Algorithm and How Does an Enterprise Use it to Analyze Data?

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 […]