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Webinar: Enhancing Fraud Detection with Automated Machine Learning and Streaming Analytics

Webinar: Tuesday, February 13, 1:00 pm ET / 10:00 am PT Register now Building predictive applications allows companies to respond to new threats and take advantage of developing opportunities. But executing these new applications against high-volume event streams with sub-second latency requires a powerful combination of machine learning and streaming analytics. In this webinar, you’ll …

MS Excel Statistical Functions for Central Tendency

AVERAGE Provides an estimate of the mean or expected value of the data. To use it, supply the range of data you want the average of “=AVERAGE(data range).” For example, if you wanted the average of the observations of the data in cells A1 through A10, you might enter =AVERAGE (A1:A10) into cell A12. MEDIAN …

Uni-variate distribution relationships

In statistics, a univariate distribution is a probability distribution of only one random variable. This is in contrast to a multivariate distribution, the probability distribution of a random vector (consisting of multiple random variables). Below is the quick overview of useful univariate relationships for aspiring data science lovers.

Marketing Information System(MkIS) – Definition, Components and Applications

Marketing Information System, MkIS, MIS, Marketing

Detailed Introduction of Marketing Information System (MkIS) MkIS Marketing Information System (MkIS) collects, analyses, and supplies a lot of relevant information to the marketing managers. It is a valuable tool for planning, implementing and controlling the marketing activities. The role of MIS is to identify (find out) what sort of information is required by the …

What is Data Mining? – Simple Definition

The amount of raw data stored in corporate databases is exploding. From trillions of point-of-sale transactions and credit card purchases to pixel-by-pixel images of galaxies, databases are now measured in gigabytes and terabytes. (One terabyte = one trillion bytes. A terabyte is equivalent to about 2 million books!) For instance, every day, Wal-Mart uploads 20 …

What is Data Warehouse? – Simple Definition

WHAT IT IS: A data warehouse is a federated repository for all the data that an enterprise’s various business systems collect. The repository may be physical or logical. Data warehousing is an electronic method of organizing information. HOW IT WORKS (EXAMPLE): A data warehouse essentially combines information from several sources into one comprehensive database. For example, in …

What is Artificial Intelligence(AI)? – Simple Definition

Artificial intelligence (AI) is an area of computer science that emphasizes the creation of intelligent machines that work and react like humans. Some of the activities computers with artificial intelligence are designed for include: Speech recognition Learning Planning Problem solving Artificial intelligence is a branch of computer science that aims to create intelligent machines. It …