by Saneesh V | Jul 28, 2018 | Analytics, R
Another way of analysis? When there are so many tools and techniques of prediction modelling, why do we have another field known as survival analysis? As one of the most popular branch of statistics, Survival analysis is a way of prediction at various points in time....
by Saneesh V | Jul 27, 2018 | Analytics, R
Discriminant analysis is used when the variable to be predicted is categorical in nature. This analysis requires that the way to define data points to the respective categories is known which makes it different from cluster analysis where the classification criteria...
by Saneesh V | Jul 25, 2018 | Analytics, R
The World of Anomalies Detecting anomalies — unusual or unexpected events in data — is critical across industries such as BFSI, healthcare, and operations. This article explains the concept, demonstrates practical R packages and workflows (AnomalyDetection and...
by admin | Mar 21, 2017 | Analytics
Every business would have silos of business data in its marketing/sales department. This data has hidden treasures. It contains information that can help target right audience more effectively, bring in more efficiency in the sales process and also forecast the future...
by admin | Mar 20, 2017 | Analytics
Do you know that Departmental stores are being replaced by Warehouse clubs and Super stores? It’s true. Look at the market share composition (market share graph below), it is clearly visible that merchandise industry has evolved from Departmental stores dominant (73%...
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