What is the Chi Square Test of Association and How Can it be Used for Analysis?

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Jun 26, 2018 |
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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

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

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Jun 26, 2018 |
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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 … Continued

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

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Jun 26, 2018 |
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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 … Continued

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

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Jun 26, 2018 |
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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 … Continued

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

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Jun 25, 2018 |
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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 … Continued

What is Descriptive Statistics and How Do You Choose the Right One for Enterprise Analysis?

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Jun 25, 2018 |
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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 … Continued

What is the Holt-Winters Forecasting Algorithm and How Can it be Used for Enterprise Analysis?

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Jun 21, 2018 |
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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 … Continued

What Are Data Trends and Patterns, and How Do They Impact Business Decisions?

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Jun 20, 2018 |
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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 … Continued

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