In this article, we briefly describe a 5-step process that will allow anyone to extract a key performance […]
Recently, Nissan Motor announced that they will release a self driving car by 2020. According to Karl Brauer of […]
Customer sales data can be extremely valuable for optimizing production scheduling. It is very important to have a […]
Far too often, even experienced data scientists get confused about what feature engineering really means. They may mistake […]
In this previous article we described how to construct basic tools such as the “confusion matrix” and Lift/Gain charts to evaluate […]
The process of developing classification models for business use cases follows a sequence that is represented in this diagram […]
In a previous article we discussed the application of principal component analysis (PCA) using RapidMiner to reduce the dimension of […]
We have written about the importance of calculating customer lifetime value (CLV) as a means to quantify the benefit from […]
Principal component analysis (PCA) is a technique according to Wikipedia that “uses an orthogonal transformation to convert a set of […]
In today’s data overloaded world, there are 5 types of data which require the use of big data […]