Remove Banking Remove Business Analysis Remove Data Discovery Remove Data Visualization
article thumbnail

What is Frequent Pattern Mining (Association) and How Does it Support Business Analysis?

ElegantJ BI

How Does Frequent Pattern Mining Support Business Analysis? This method of analysis can be useful in evaluating data for various business functions and industries. Basket Data Analysis – To analyze the association of purchased items in a single basket or single purchase.

article thumbnail

What is Frequent Pattern Mining (Association) and How Does it Support Business Analysis?

ElegantJ BI

How Does Frequent Pattern Mining Support Business Analysis? This method of analysis can be useful in evaluating data for various business functions and industries. Basket Data Analysis – To analyze the association of purchased items in a single basket or single purchase.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What is Frequent Pattern Mining (Association) and How Does it Support Business Analysis?

ElegantJ BI

How Does Frequent Pattern Mining Support Business Analysis? This method of analysis can be useful in evaluating data for various business functions and industries. Basket Data Analysis – To analyze the association of purchased items in a single basket or single purchase. Use Case – 2.

article thumbnail

What is Isotonic Regression and How Can a Business Utilize it to Analyze Data?

ElegantJ BI

In order to get a comprehensive understanding of Isotonic Regression, let’s look at a sample analysis to determine a student’s chance of admission based upon various academic scores. How Can Isotonic Regression Be Helpful for Business Analysis? If we consider the use cases below, we can see the value of Isotonic Regression.

article thumbnail

What is Isotonic Regression and How Can a Business Utilize it to Analyze Data?

ElegantJ BI

In order to get a comprehensive understanding of Isotonic Regression, let’s look at a sample analysis to determine a student’s chance of admission based upon various academic scores. How Can Isotonic Regression Be Helpful for Business Analysis? Business Problem: Predicting diamond prices using basic measurement metrics.

article thumbnail

What is Isotonic Regression and How Can a Business Utilize it to Analyze Data?

ElegantJ BI

In order to get a comprehensive understanding of Isotonic Regression, let’s look at a sample analysis to determine a student’s chance of admission based upon various academic scores. How Can Isotonic Regression Be Helpful for Business Analysis? Business Use Case – Agriculture. Use Case – 1. Use Case – 2.

article thumbnail

What Is Random Forest Classification And How Can It Help Your Business?

ElegantJ BI

To further clarify the use of the Random Forest Classification model, let’s look at a sample customer churn analysis to predict the likelihood of customers to churn based upon important factors. How Can Random Forest Classification Be Helpful for Business Analysis? Business Use Case 1 Business Problem: Predict loan default.