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What Are Simple Random Sampling and Stratified Random Sampling Analytical Techniques?

Elegant BI

This article discusses the analytical technique known as Sampling and provides a brief explanation of two types of sampling analysis, and how each of these methods is applied. Some of the most common strata used in stratified random sampling include age, gender, religion, race, educational attainment, socioeconomic status, and nationality.

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What is the Multinomial-Logistic Regression Classification Algorithm and How Does One Use it for Analysis?

Elegant BI

This article provides a brief definition of the multinomial-logistic regression classification algorithm and its uses and benefits. All of these tools are designed for business users with average skills and require no special skills or knowledge of statistical analysis or support from IT or data scientists.

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What is Outlier Analysis and How Can It Improve Analysis?

Elegant BI

This article presents a brief explanation of Outliers, and how this type of analysis is used. All of these tools are designed for business users with average skills and require no special skills or knowledge of statistical analysis or support from IT or data scientists. What is Outlier Analysis?

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What is ARIMA Forecasting and How Can it Be Used for Enterprise Analysis?

Elegant BI

This article provides a brief explanation of the ARIMA method of analytical forecasting. All of these tools are designed for business users with average skills and require no special skills or knowledge of statistical analysis or support from IT or data scientists. What is ARIMA Forecasting?

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What is the KMeans Clustering Algorithm and How Does an Enterprise Use it to Analyze Data?

Elegant BI

This article provides a brief explanation of the KMeans Clustering algorithm. All of these tools are designed for business users with average skills and require no special skills or knowledge of statistical analysis or support from IT or data scientists. What is the KMeans Clustering algorithm?

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What is SVM Classification Analysis and How Can It Benefit Business Analytics?

Elegant BI

This article provides a brief explanation of the SVM Classification method of analytics. All of these tools are designed for business users with average skills and require no special skills or knowledge of statistical analysis or support from IT or data scientists. What is SVM Classification Analysis?

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What is FP Growth Analysis and How Can a Business Use Frequent Pattern Mining to Analyze Data?

Elegant BI

This article provides a brief explanation of the FP Growth technique of Frequent Pattern Mining. All of these tools are designed for business users with average skills and require no special skills or knowledge of statistical analysis or support from IT or data scientists. What is the FP Growth Algorithm?