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New Product Development Research: What It Is, Stages, and Examples

Netbasequid

There are many sources for good ideas starting with personal struggles, anecdotal information, access to relevant data, and concerted efforts in research and development. Since investing in research and development is out of reach for most businesses, brainstorming and new product market research is the surest path.

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Handling Outliers Using Smarten Assisted Predictive Modelling!

Elegant BI

Outliers, also referred to as anomaly, exception, irregularity, deviation, oddity, arise in data analysis when the data records differ dramatically from the other observations. In layman’s terms, an outlier can be interpreted as any value that is numerically far-flung from most of the data points in a sample of data.

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What Is The Difference Between Business Intelligence And Analytics?

Datapine Blog

While it may sound complicated at the beginning, the more you dig deeper with a data analysis tool , the more sense it will make to establish qualified insights and make better decisions. This will give an extra edge for the next cycle, as you can easily pinpoint what is the issue, and brainstorm solutions. click to enlarge**.