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Introduction To The Basic Business Intelligence Concepts

Data Pine

This concept is known as business intelligence. Business intelligence, or “BI” for short, is becoming increasingly prevalent across industries each year. But with business intelligence concepts comes a great deal of confusion, and ultimately – unnecessary industry jargon. Learn here! But more on that later.

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What is the Decision Tree Analysis and How Does it Help a Business to Analyze Data?

ElegantJ BI

Since the target variable wine quality contains categorical values (high and low), the classification method will be applicable, as the predictors will be classifying the data into high and low. 2) Regression Trees are used when the target variable is numeric. Use Case – 2.

Banking 162
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What is the Chi Square Test of Association and How Can it be Used for Analysis?

ElegantJ BI

Business Problem: A retail store marketing manager wants to know if there is a significant association between the geography of a customer and his/her brand preferences. Business Benefit: Once the test is completed, p-value is generated which indicates whether there is significant association between geography and brand preference.

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What is the Decision Tree Analysis and How Does it Help a Business to Analyze Data?

ElegantJ BI

Since the target variable wine quality contains categorical values (high and low), the classification method will be applicable, as the predictors will be classifying the data into high and low. The Smarten approach to data discovery is designed as an augmented analytics solution to serve business users.

Banking 130
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What is the Decision Tree Analysis and How Does it Help a Business to Analyze Data?

ElegantJ BI

Since the target variable wine quality contains categorical values (high and low), the classification method will be applicable, as the predictors will be classifying the data into high and low. The Smarten approach to data discovery is designed as an augmented analytics solution to serve business users.

Banking 130
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What is the Chi Square Test of Association and How Can it be Used for Analysis?

ElegantJ BI

Use Case – 1 Business Problem: A retail store marketing manager wants to know if there is a significant association between the geography of a customer and his/her brand preferences. The Smarten approach to data discovery is designed as an augmented analytics solution to serve business users.

article thumbnail

What is the Chi Square Test of Association and How Can it be Used for Analysis?

ElegantJ BI

Use Case – 1 Business Problem: A retail store marketing manager wants to know if there is a significant association between the geography of a customer and his/her brand preferences. The Smarten approach to data discovery is designed as an augmented analytics solution to serve business users.