Elegant BI

AUGUST 10, 2018

This article provides a brief explanation of the KMeans Clustering algorithm. What is the KMeans Clustering algorithm? Once the algorithm has been run and the groups are defined, any new data can be easily assigned to the correct group. How Does an Enterprise Use the KMeans Clustering Algorithm to Analyze Data?

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Elegant BI

AUGUST 14, 2018

This article provides a brief definition of the multinomial-logistic regression classification algorithm and its uses and benefits. What is the Multinomial-Logistic Regression Classification Algorithm? How Does One Use the Multinomial-Logistic Regression Classification Algorithm? About Smarten.

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Elegant BI

AUGUST 14, 2018

This article provides a brief explanation of the ARIMA method of analytical forecasting. The ARIMA algorithm would be a suitable method for forecasting analysis because the data exhibits non-stationarity, and trend. What is ARIMA Forecasting? Let’s look at an example of a monthly analysis of monthly index values. About Smarten.

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Elegant BI

OCTOBER 16, 2018

This article provides a brief explanation of the SVM Classification method of analytics. The Smarten approach to business intelligence and business analytics focuses on the business user and provides Advanced Data Discovery so users can perform early prototyping and test hypotheses without the skills of a data scientist.

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Elegant BI

AUGUST 14, 2018

This article provides a brief explanation of the FP Growth technique of Frequent Pattern Mining. What is the FP Growth Algorithm? Frequent pattern mining (previously known as Association) is an analytical algorithm that is used by businesses and, is accessible in some self-serve business intelligence solutions.

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Elegant BI

AUGUST 10, 2018

This article provides a brief explanation of the definition and uses of the Descriptive Statistics algorithms. How Does One Choose the Right Descriptive Statistics Algorithm for Enterprise Analysis? Business Problem: Find out the average age and income for a particular type of product category purchased. 1) Mean/Median.

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Elegant BI

AUGUST 10, 2018

This article provides a brief explanation of the Holt-Winters Forecasting model and its application in the business environment. What is the Holt-Winters Forecasting Algorithm? The Holt-Winters algorithm is used for forecasting and It is a time-series forecasting method. It helps in balancing supply and demand.

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