Remove Data Discovery Remove Planning Remove Workshop
article thumbnail

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

ElegantJ BI

Business Benefit: The business can make use of these forecasts for better planning of drug production and accuracy of sales targets. The ARIMA forecasting method is suitable for forecasting when data is stationary or non-stationary and is univariate with any type of data pattern.

article thumbnail

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

ElegantJ BI

Business Benefit: The business can make use of these forecasts for better planning of drug production and accuracy of sales targets. The ARIMA forecasting method is suitable for forecasting when data is stationary or non-stationary and is univariate with any type of data pattern.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What is Simple Linear Regression and How Can an Enterprise Use this Technique to Analyze Data?

ElegantJ BI

The dependent variable is crop production data during the monsoon months of the last year. The Smarten approach to data discovery is designed as an augmented analytics solution to serve business users. The Simple Linear Regression technique is not suitable for datasets where more than one variable/predictor exists.

article thumbnail

What is Simple Linear Regression and How Can an Enterprise Use this Technique to Analyze Data?

ElegantJ BI

The dependent variable is crop production data during the monsoon months of the last year. The Smarten approach to data discovery is designed as an augmented analytics solution to serve business users. The Simple Linear Regression technique is not suitable for datasets where more than one variable/predictor exists.

article thumbnail

What is ARIMAX Forecasting and How is it Used for Enterprise Analysis?

ElegantJ BI

ARIMAX provides forecasted values of the target variables for user-specified time periods to clearly illustrate results for planning, production, sales and other factors. The Smarten approach to data discovery is designed as an augmented analytics solution to serve business users.

article thumbnail

What is ARIMAX Forecasting and How is it Used for Enterprise Analysis?

ElegantJ BI

ARIMAX provides forecasted values of the target variables for user-specified time periods to clearly illustrate results for planning, production, sales and other factors. The Smarten approach to data discovery is designed as an augmented analytics solution to serve business users.

article thumbnail

What Are Data Trends and Patterns, and How Do They Impact Business Decisions?

ElegantJ BI

In this article, we will focus on the identification and exploration of data patterns and the trends that data reveals. The business can use this information for forecasting and planning, and to test theories and strategies.