Inventory analytics, as the name suggests, assesses inventory levels for goods a retailer has on offer. It’s used to prescribe more efficient warehousing and distribution strategies, such as when a distribution center is preferable to a more local storehouse, and when to replenish items based on...
1. What is a Data Analyst? Before we begin, let’s clarify:What exactly is a data analyst? Well, a data analyst is someone who works with data, analyzing it to extract valuable insights.Understanding the essence of data analysis is crucial for anyone aspiring to become proficient in thi...
In finance, the multinomial distribution is a type of probability distribution used to describe the likelihood of a given set of outcomes. Unlike the binomial distribution, which has only two possible outcomes, the multinomial distribution describes two or more defined outcomes. The binomial distributio...
While manual thematic analysis is still popular in some industries, using thematic analysis software tools is quickly becoming the preferred choice. Here’s why: You can process large volumes of text data significantly faster than a human analyst. AI algorithms help reduce the risk of human error ...
(that is, the probability of an event is the degree to which you believe the event is true). When performing a Bayesian analysis, you begin with a prior belief regarding the probability distribution of an unknown parameter. After learning information from data you have, you change or update ...
Nishtha Data Analyst & Machine Learning Associate As a Data Analyst & Machine Learning Associate, Nishtha uses a combination of her analytical skills and machine learning knowledge to interpret complicated datasets. She is a passionate storyteller who transforms crucial findings into gripping tales that...
Steganography is the art of hiding secret messages in plain sight. Learn about steganography types, techniques, applications, examples, and more.
Agile Business Analysis (AgileBA) is certification in the form of guidance and training for business analysts seeking to work in agile environments. To support this shift, AgileBA also helps the business analyst relate Agile projects to a wider organizationalmissionorstrategy. To ensure that analysts...
Written by: Mark Fairlie, Senior Analyst Mark Fairlie is a telecommunications and telemarketing expert who has spent decades working across advertising, sales and more. He is the former co-owner of Meridian Delta, a direct marketing company that he successfully sold to new management in 2015. Thr...
to analyzing data. The difference is that the latter is oriented to business uses, while data analytics has a broader focus. The expansive view of the term isn't universal, though. In some cases, people usedata analyticsspecifically to mean advanced analytics, treating BI as a separate ...