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 […]
Tag: Training for Citizen Data Scientist
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 […]
Classification Trees, Customer Segments, Data Literacy, Decision Tree Analysis, Online Shopping, Regression Trees, Training for Citizen Data Scientist 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 […]
ARIMA Forecasting, Data Literacy, Pharmaceutical Sales Forecast, Training for Citizen Data Scientist 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 […]
Customer Retention, Data Literacy, Discount Analysis, KMeans Clustering, Marketing, Training for Citizen Data Scientist 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 