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Analytics

Data Mining: Market Basket Analysis in R

Market Basket Analysis in R, From Sellers to Intelligent Sellers: Market Basket Analysis is a modelling technique based upon the theory that if you buy a certain group of items, you are more (or less) likely to buy another group of items.…

K Means Clustering In R

K Means Clustering is used when the input data is unlabeled and we have to find hidden patterns or clusters in the data set unsupervised learning comes into the picture. In clustering what we do is given a data set we look for similarities…

Time Series ARIMA Forecasting Using R

Time Series Forecasting Using R: A Starter Pack Some basic theoretical ideas needed before we proceed:- Time Series Data- A time series is a set of observations on the values that a variable takes at different times. Such data may be…

Point Estimation

Point Estimation: So far we know that when the constants of a population (the parameters) are unknown, we estimate them by finding estimates based on the samples drawn from the same population. This method is called “estimation”. Now, since…

HOW TO USE DESCRIPTIVE ANALYTICS

Descriptive Analytics How frequently you use statistical analyses in your work?  Is it every day? Every week? Every quarter? Annually?None at all? Now it is time together with your data and evaluate your performance and get ready to take…