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

ElegantJ BI

In this article, we will discuss the Decision Tree analysis method. 1) Classification Trees are used when the target variable is categorical and, as the name implies, are used to classify/divide the data into these predefined categories of a target variable. What is Decision Tree Analysis? Use Case – 2. About Smarten.

Banking 162
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What is Binary Logistic Regression Classification and How is it Used in Analysis?

ElegantJ BI

In this article, we will discuss the Binary Logistic Regression Classification method of analysis, and how it can be used in business. Business Benefit: Once classes are assigned, the bank will have a loan applicant dataset with each applicant labeled as “likely/unlikely to default. What is Binary Logistic Regression Classification?

Logistics 130
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article thumbnail

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

ElegantJ BI

In this article, we will discuss the Binary Logistic Regression Classification method of analysis, and how it can be used in business. Business Benefit: Once classes are assigned, the bank will have a loan applicant dataset with each applicant labeled as “likely/unlikely to default. What is Binary Logistic Regression Classification?

Logistics 130
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What is Binary Logistic Regression Classification and How is it Used in Analysis?

ElegantJ BI

In this article, we will discuss the Binary Logistic Regression Classification method of analysis, and how it can be used in business. Business Benefit: Once classes are assigned, the bank will have a loan applicant dataset with each applicant labeled as “likely/unlikely to default. What is Binary Logistic Regression Classification?

Logistics 130
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What is Hierarchical Clustering and How Can an Organization Use it to Analyze Data?

ElegantJ BI

This article discusses the analytical method of Hierarchical Clustering and how it can be used within an organization for analytical purposes. Business Benefit: Once the segments are identified, the bank will have a loan applicants’ dataset with each applicant labeled as high/medium/low risk. What is Hierarchical Clustering?

Banking 130
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What is Hierarchical Clustering and How Can an Organization Use it to Analyze Data?

ElegantJ BI

This article discusses the analytical method of Hierarchical Clustering and how it can be used within an organization for analytical purposes. Business Benefit: Once the segments are identified, the bank will have a loan applicants’ dataset with each applicant labeled as high/medium/low risk. What is Hierarchical Clustering?

Banking 130
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What is Hierarchical Clustering and How Can an Organization Use it to Analyze Data?

ElegantJ BI

This article discusses the analytical method of Hierarchical Clustering and how it can be used within an organization for analytical purposes. Business Benefit: Once the segments are identified, the bank will have a loan applicants’ dataset with each applicant labeled as high/medium/low risk. What is Hierarchical Clustering?

Banking 130