In the world of data science, one of the most frequently asked questions by aspiring enthusiasts is, "How much mathematics do I really need to know?" While the typical response often begins with statistics and extends to calculus and linear algebra, what often remains unsaid is precisely where you'll encounter these mathematical concepts. In this discussion, we will shed light … [Read more...] about Encounters with Logarithms in Data Science: Where They Arise
regression
Response Surface Methodology, Analysis & Interpretation
1. Introduction Response Surface Models, a variation of the simple linear regression, with the incorporation of the second order effects of non-linear relationships, is a popular optimization technique to determine the best possible combinations of variables to determine a specific response to a phenomenon (Minimum/maximum/saddle point). RSM is particularly useful to understand … [Read more...] about Response Surface Methodology, Analysis & Interpretation
Predictive Analytics for Beginners – How to Get Started
Data is everywhere. We generate data when using an ATM, browsing the Internet, calling our friends, buying shoes in our favourite e-shop or posting on Facebook. Companies collect this data en masse in order to make more informed business decisions, such as: Which customers should participate in our promotional campaign for a given product in order to maximize response? Which … [Read more...] about Predictive Analytics for Beginners – How to Get Started
Five Data Mining Techniques That Help Create Business Value
There are many different types of analysis to retrieve information from big data. Each type of analysis will have a different impact or result. The data mining technique you should use, depends on the kind of business problem that you are trying to solve. Different analyses will deliver different outcomes and thus provide different insights. One of the common ways to recover … [Read more...] about Five Data Mining Techniques That Help Create Business Value
