A market basket analysis is built using a database that typically consists of a large number of transaction […]
Naive Bayes is one of the most robust classification techniques and frequently trumps more sophisticated predictive analytics tools. […]
You know that predictive analytics has really arrived when there are two articles about it in a single […]
What is Analytics? Analytics is the professional field of discovering insightful relationships amongst data. The insights can be […]
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 […]