What is the Paired Sample T Test and How is it Beneficial to Business Analysis?

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Jun 29, 2018 |
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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 … Continued

What is Simple Linear Regression and How Can an Enterprise Use this Technique to Analyze Data?

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Jun 29, 2018 |
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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 … Continued

What is ARIMAX Forecasting and How is it Used for Enterprise Analysis?

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Jun 29, 2018 |
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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?

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Jun 29, 2018 |
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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?

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Jun 29, 2018 |
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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?

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Jun 27, 2018 |
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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 the Decision Tree Analysis and How Does it Help a Business to Analyze Data?

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Jun 27, 2018 |
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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, … Continued

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

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