Business Analytics What is understood by classification Classification is the grouping of a data set, based on some predefined criteria. The criteria are usually based on some... BY Team Educate October 28, 2024 0 Comment
Business Analytics what is understood by logistic regression Logistic regression is the technique of finding relationships between a set of input variables and an output variable (just like... BY Team Educate October 28, 2024 0 Comment
Business Analytics What is understood by neural network Neural network (also known as artificial neural network) is inspired by the human nervous system: how complex information is absorbed... BY Team Educate October 28, 2024 0 Comment
Business Analytics Explain briefly the random forest method of classification Random forest is currently the most accurate of all classification techniques available. Random forest is an ensemble method that works... BY Team Educate October 28, 2024 0 Comment
Business Analytics What are some of the visualization tools available in the... Visualization tools can be divided into three broad categories:Graphical tools:• MS Excel : Microsoft Excel is the standard offering in... BY Team Educate October 28, 2024 0 Comment
Business Analytics Define big data and What are the three v ’s... Big Data refers to the massive volumes of structured and unstructured data generated every second, which traditional data processing tools... BY Team Educate October 28, 2024 0 Comment
Business Analytics Differentiate between structured semi-structured and unstructured data Most traditional data is structured , i.e., it can be stored in well-defined rows and columns. Legacy transaction systems are... BY Team Educate October 26, 2024 0 Comment
Business Analytics What are some of the tools used for statistical analysis There are several popular tools used for statistical analysis, each with its unique features and strengths: R: A programming language... BY Team Educate October 26, 2024 0 Comment