## 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 useful in identifying important factors […]

## 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 a statistically significant difference between […]

## 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 part of a population for […]

## 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 extent to which those variables […]

## 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 or more independent variables. It […]

## 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 level, salary, reaction time, etc., […]

## 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 helps a business to identify […]

## 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 model with one or more […]

## 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 […]