Do you want your business users to embrace and use analytics? You want your business to enjoy the benefits of fact-based decision making? You want your business to use the tools of business intelligence to improve market presence, customer satisfaction and team productivity and collaboration? A scarcity of data scientists will no longer hinder the […]
What Is PMML and Why Is It Important?
You may not be an analytics expert and you may find terms like PMML integration somewhat daunting. But, in reality, the concept is not complex, and the value is outstanding. So, what is PMML integration? PMML stands for “predictive model markup language.” It is an interchange format that provides a method by which analytical applications and […]
Create a Thorough Plan and Training Strategy for Citizen Data Scientists
As a business owner, executive, or manager, you are likely aware of the term “citizen data scientists.” Perhaps you have even implemented this type of initiative in your organization. While business journals and industry and technology publications discuss the advantages of the citizen data scientist approach, many businesses fail to get the most out of […]
What Is the Karl Pearson Correlation and How Is It Useful for Enterprise Analysis?
Click to learn more about Kartik Patel. This article explains the Karl Pearson Correlation method of analysis, and how it can be applied in business. 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 increase or decrease in parallel. A […]
What Is Binary Logistic Regression 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 is useful for situations in which the outcome for a […]
What Is Naïve Bayes Classification and How Is It Used for Enterprise Analysis?
Click to learn more about author Kartik Patel. What Is Naïve Bayes Classification? Naive Bayes is a classification algorithm that is suitable for binary and multiclass classification. It is a supervised classification technique used to classify future objects by assigning class labels to instances/records using conditional probability. In supervised classification, training data is already labeled with […]
What Is Spearman’s Rank Correlation and How Is It Useful for Business Analysis?
Click to learn more about author Kartik Patel. 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 increase or decrease […]
The Independent Samples T-Test Method and How it Benefits Organizations
Click to learn more about author Kartik Patel. The independent sample t-test is a statistical method of hypothesis testing that determines whether there is a statistically significant difference between the means of two independent samples. For example, one might use this method of analysis to determine whether the average value of a sedan type of car […]
What are Citizen Analysts and How Can They Improve Your Organization?
Click to learn more about author Kartik Patel. The days of data silos and isolated teams of data analysts and IT staffs are behind us. Today, every business user must incorporate accurate analysis into the decision-making process. Enter, the Citizen Analyst! What is a Citizen Analyst? Citizen Analysts (AKA Citizen Data Scientists) represent a new breed […]
What is Frequent Pattern Mining (Association) and How Does it Support Business Analysis?
Click to learn more about author Kartik Patel. In this article, we discuss the analytical method known as frequent pattern mining, previously known as ‘association’. What is Frequent Pattern Mining? Frequent Pattern Mining (AKA Association Rule Mining) is an analytical process that finds frequent patterns, associations, or causal structures from data sets found in various kinds […]