ElegantJ BI

OCTOBER 17, 2018

How is Spearman’s Rank Correlation Useful for Business Analysis? Use Case – 1 Business Problem: An educational organization wants to assess students’ rating, based on two different sources of observation. Original Post: What is Spearman’s Rank Correlation and How is it Useful for Business Analysis?

Business Analysis 100

Business Analysis Business Analysis Data Discovery Business Intelligence 100

Analysts Corner

MARCH 12, 2023

In the digest below you will find answers to the questions like: how to perform SWOT analysis, how to use requirements traceability matrices, how to nail you requirements workshops, and probably most importantly how to overcame one of the biggest concerns of an aspiring BA — dealing with the problem of no prior experience.

Agile 130

Agile Data Analytics Data Analytics Business Analysis 130

ElegantJ BI

SEPTEMBER 19, 2021

To further clarify the use of the Random Forest Classification model, let’s look at a sample customer churn analysis to predict the likelihood of customers to churn based upon important factors. How Can Random Forest Classification Be Helpful for Business Analysis? Business Use Case 1 Business Problem: Predict loan default.

Data Discovery 130

Data Discovery Banking Business Intelligence Business Intelligence 130

ElegantJ BI

SEPTEMBER 21, 2021

To have a better understanding of this algorithm, let’s look at one such analysis on loan eligibility to identify whether or not the amount is eligible for loan application based upon various influencing factors. H ow Can Generalized Linear Regression with Gaussian Distribution Be Helpful for Business Analysis ?

Data Discovery 130

Data Discovery Business Intelligence Business Intelligence Data Visualization 130

ElegantJ BI

SEPTEMBER 19, 2021

To further clarify the use of the Random Forest Classification model, let’s look at a sample customer churn analysis to predict the likelihood of customers to churn based upon important factors. How Can Random Forest Classification Be Helpful for Business Analysis? Business Use Case 1.

Data Discovery 130

Data Discovery Banking Business Intelligence Business Intelligence 130

ElegantJ BI

SEPTEMBER 21, 2021

To have a better understanding of this algorithm, let’s look at one such analysis on loan eligibility to identify whether or not the amount is eligible for loan application based upon various influencing factors. H ow Can Generalized Linear Regression with Gaussian Distribution Be Helpful for Business Analysis ?

Data Discovery 130

Data Discovery Business Intelligence Business Intelligence Data Visualization 130

ElegantJ BI

SEPTEMBER 21, 2021

To have a better understanding of this algorithm, let’s look at one such analysis on loan eligibility to identify whether or not the amount is eligible for loan application based upon various influencing factors. How Can Random Forest Classification Be Helpful for Business Analysis? Business Use Case 1.

Data Discovery 130

Data Discovery Business Intelligence Business Intelligence Data Visualization 130

ElegantJ BI

SEPTEMBER 19, 2021

To further clarify the use of the Random Forest Classification model, let’s look at a sample customer churn analysis to predict the likelihood of customers to churn based upon important factors. How Can Random Forest Classification Be Helpful for Business Analysis? Business Use Case 1.

Data Discovery 130

Data Discovery Banking Business Intelligence Business Intelligence 130

ElegantJ BI

SEPTEMBER 9, 2021

In order to get a comprehensive understanding of Isotonic Regression, let’s look at a sample analysis to determine a student’s chance of admission based upon various academic scores. How Can Isotonic Regression Be Helpful for Business Analysis? If we consider the use cases below, we can see the value of Isotonic Regression.

Data Discovery 130

Data Discovery Banking Business Intelligence Business Intelligence 130

ElegantJ BI

SEPTEMBER 9, 2021

In order to get a comprehensive understanding of Isotonic Regression, let’s look at a sample analysis to determine a student’s chance of admission based upon various academic scores. How Can Isotonic Regression Be Helpful for Business Analysis? If we consider the use cases below, we can see the value of Isotonic Regression.

Data Discovery 130

Data Discovery Banking Business Intelligence Business Intelligence 130

ElegantJ BI

SEPTEMBER 9, 2021

In order to get a comprehensive understanding of Isotonic Regression, let’s look at a sample analysis to determine a student’s chance of admission based upon various academic scores. How Can Isotonic Regression Be Helpful for Business Analysis? If we consider the use cases below, we can see the value of Isotonic Regression.

Data Discovery 130

Data Discovery Banking Business Intelligence Business Intelligence 130

ElegantJ BI

OCTOBER 16, 2018

If you look at the Histogram below, you will see that one value lies far to the left of all other data. This data point is an outlier. How Can Outlier Detection Improve Business Analysis?

Data Discovery 130

Data Discovery Business Intelligence Business Intelligence Data Visualization 130

ElegantJ BI

OCTOBER 17, 2018

This article looks at the ARIMAX Forecasting method of analysis and how it can be used for business analysis. These tools are designed for business users with average skills and require no specialized knowledge of statistical analysis or support from IT or data scientists. What is ARIMAX Forecasting?

Data Discovery 130

Data Discovery Business Intelligence Business Intelligence Data Visualization 130

ElegantJ BI

OCTOBER 16, 2018

If you look at the Histogram below, you will see that one value lies far to the left of all other data. This data point is an outlier. How Can Outlier Detection Improve Business Analysis?

Data Discovery 130

Data Discovery Business Intelligence Business Intelligence Data Visualization 130

ElegantJ BI

OCTOBER 17, 2018

This article looks at the ARIMAX Forecasting method of analysis and how it can be used for business analysis. These tools are designed for business users with average skills and require no specialized knowledge of statistical analysis or support from IT or data scientists. What is ARIMAX Forecasting?

Data Discovery 130

Data Discovery Business Intelligence Business Intelligence Data Visualization 130

ElegantJ BI

OCTOBER 16, 2018

How Can the Chi Square Test of Association Be Used for Business Analysis? 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.

Data Discovery 130

Data Discovery Retail Banking Business Intelligence 130

ElegantJ BI

OCTOBER 16, 2018

How Can the Chi Square Test of Association Be Used for Business Analysis? 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.

Data Discovery 130

Data Discovery Retail Banking Business Intelligence 130

ElegantJ BI

JULY 10, 2018

Use Case(s): Weather Forecasting, Fraud Analysis and more. Frequent Pattern Mining (Association): What is Frequent Pattern Mining (Association) and How Does it Support Business Analysis? Use Case(s): Market Basket Analysis, Frequently Bundled Products and more. Use Case(s): Average value of all cars in U.S.

Logistics 130

Logistics Data Discovery Business Analysis Business Analysis 130

ElegantJ BI

JULY 10, 2018

Use Case(s): Weather Forecasting, Fraud Analysis and more. Frequent Pattern Mining (Association): What is Frequent Pattern Mining (Association) and How Does it Support Business Analysis? Use Case(s): Market Basket Analysis, Frequently Bundled Products and more. Use Case(s): Average value of all cars in U.S.

Logistics 130

Logistics Data Discovery Business Analysis Business Analysis 130

The BAWorld

FEBRUARY 4, 2021

Business data analytics is an area of study that targets effective business decision-making as opposed to using the rigorous technical know-how through which data is analyzed. Business Knowledge. Business knowledge is an in-depth understanding of the business functions and the specific areas under analysis.

Data Analytics 98

Data Analytics Data Analytics Visualization Data Mining 98

Business Analysis Knowledge Share

OCTOBER 26, 2023

Use Requirement Gathering Techniques: Employ various requirement gathering techniques such as workshops, surveys, and brainstorming sessions to extract detailed requirements from stakeholders. Ensure that you have access to and can extract data from these sources. Here’s how to proceed: 3.1.

Requirements Gathering 69

Requirements Gathering Documentation Data Security Financial Analysis 69

The BAWorld

OCTOBER 7, 2024

The business analysis profession is broad and continues to evolve at quite some pace. The expectation from a business analyst varies widely from one organization to another. There are various different roles played by Business Analysts across different industries. Will A Business Analysis Certification Help?

Artificial Intelligence 52

Artificial Intelligence Business Analysis Business Analysis UML 52

The BAWorld

SEPTEMBER 10, 2024

Core Responsibilities of a Business Analyst Requirements Gathering BAs have the capability of ascertaining the needs of the business through various parties like management and employees as well as customers. In other places SQL, Excel, as well as data visualization are often important. What is SQL and how is it used?

E-Commerce 40

E-Commerce Business Analysis Business Analysis Supply Chain 40