article thumbnail

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

ElegantJ BI

Smarten Augmented Analytics tools include Assisted Predictive Modeling , Smart Data Visualization , Self-Serve Data Preparation , Clickless Analytics with natural language processing (NLP) for search analytics , Auto Insights , Key Influencer Analytics , and SnapShot monitoring and alerts.

article thumbnail

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

ElegantJ BI

Business Benefit: Loan applicant’s can discover what predictors can lead towards the required loan amount to be eligible for further proceedings in turn ensuring systematic banking approach and also assist banks to check the loan eligibility criteria before sanctioning a loan to the applicant. Use Case – 2.

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

ElegantJ BI

Business Benefit: Loan applicant’s can discover what predictors can lead towards the required loan amount to be eligible for further proceedings in turn ensuring systematic banking approach and also assist banks to check the loan eligibility criteria before sanctioning a loan to the applicant. Business Use Case – Agriculture.

article thumbnail

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

ElegantJ BI

The data is a result of analysis to determine the quality of the red wine based upon chemicals it consists of. These tools are designed for business users with average skills and require no specialized knowledge of statistical analysis or support from IT or data scientists.

article thumbnail

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

ElegantJ BI

Business Benefit: The predictive model will help us identify whether a customer fails to repay the loan depending on certain factors, which would lead to easier identification of risky customers and help the bank avert the risk delinquencies. Business Use Case 2. Business Problem: Predict quality of Red Wine.

article thumbnail

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

ElegantJ BI

Business Benefit: The predictive model will help us identify whether a customer fails to repay the loan depending on certain factors, which would lead to easier identification of risky customers and help the bank avert the risk delinquencies. Business Use Case 2. Business Problem: Predict quality of Red Wine.

article thumbnail

What is Binary Logistic Regression Classification and How is it Used in Analysis?

ElegantJ BI

Use Case – 1 Business Problem: A bank loans officer wants to predict if loan applicants will be a bank defaulter or non defaulter based on attributes such as loan amount, monthly installments, employment tenure, how many times has the applicant been delinquent, annual income, debt to income ratio etc.

Logistics 130