This article provides a brief explanation of the FP Growth technique of Frequent Pattern Mining. What is the FP Growth Algorithm? Frequent pattern mining (previously known as Association) is an analytical algorithm that is used by businesses and, is accessible in some self-serve business intelligence […]
This article provides a brief explanation of the ARIMA method of analytical forecasting. What is ARIMA Forecasting? Autoregressive Integrated Moving Average (ARIMA) predicts future values of a time series using a linear combination of its past values and a series of errors. This analytical forecasting […]
ARIMA Forecasting, Data Literacy, Pharmaceutical Sales Forecast, Training for Citizen Data Scientist This article provides a brief definition of the multinomial-logistic regression classification algorithm and its uses and benefits. What is the Multinomial-Logistic Regression Classification Algorithm? Logistic regression measures the relationship between the categorical target variable and one or more independent variables It deals with situations in […]
Citizen Data Scientist, Data Literacy, Multinomial Logistic Regression Classification, Satisfaction Analysis, Weather Prediction This article provides a brief explanation of the KMeans Clustering algorithm. What is the KMeans Clustering algorithm? The KMeans Clustering algorithm is a process by which objects are classified into number of groups so that they are as much dissimilar as possible from one group […]
Customer Retention, Data Literacy, Discount Analysis, KMeans Clustering, Marketing, Training for Citizen Data Scientist This article provides a brief explanation of the definition and uses of the Descriptive Statistics algorithms. What is a Descriptive Statistics? Descriptive statistics helps users to describe and understand the features of a specific dataset, by providing short summaries and a graphic depiction of the […]
Bank Loan, Data Literacy, Descriptive Statistics, Mean, Median, Mode, Percentile, Product Popularity, Quality Control, Quartile, Training for Citizen Data Scientist This article provides a brief explanation of the Holt-Winters Forecasting model and its application in the business environment. What is the Holt-Winters Forecasting Algorithm? The Holt-Winters algorithm is used for forecasting and It is a time-series forecasting method. Time series forecasting methods are used to […]
Citizen Data Scientist, Data Literacy, Double Exponential Smoothing, Forecasting, Holt-Winters Forecasting, Predictive Analytics, Single Exponential Smoothing, Triple Exponential Smoothing 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. Let’s look at the various methods of trend and […]
Citizen Data Scientist, Cyclical Patterns, Damped Trend, Data Literacy, Data Patterns, Data Trends and Patterns, Exponential Trend, Irregular/Random Patterns, Linear Trend, Seasonality, Stationary/Stationarity Self-Serve Data Prep Should be Just That – Self-Serve! Self-serve has many meanings. You can pump your own gas, you can serve yourself at a buffet, and sometimes you can even do your own data preparation. You will notice that I said ‘sometimes’. That is […]
Augmented Data Preparation, Data Preparation Software, Data Preparation Tools, Self-Serve Data Prep, Self-Serve Data Preparation, Self-Service Data Prep, Self-Service Data Preparation Are Smart Data Discovery Tools Smart Enough to Help Business Users? Augmented analytics, augmented data discovery, advanced data discovery…all of these terms can seem intimidating but they don’t have to be. In fact, it might be less intimidating to think of advanced analytics software as […]
Advanced Analytics Software, Advanced Analytics Tool, Advanced Data Discovery, Augmented Analytics, Data Discovery Software, Data Discovery Tools, Smart Data Discovery ElegantJ BI, an innovative vendor in Business Intelligence, Augmented Analytics and Augmented Data Preparation, is pleased to announce its participation in the Gartner 2018 INDIA Data & Analytics Summit from 5 – 6th June 2018 in Mumbai, India. ElegantJ BI is proud to be a […]
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