Hidden Insights
Experience the possibilities with Business Analytics
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Understanding your data: Assessing Correlation & Relationships
In the previous section of this series we looked at basic summary statistics. In this article we start to consider the relationships between variables in our dataset. As part of your Explanatory Data Analysis it is worth looking for correlation between variables. Generally, when referring to correlation we mean the
A risk worth taking: Making data a company’s best friend, not its most costly mistake
Within both the business world and our personal lives, data is becoming increasingly intrinsic to everything we do. Whether it’s picking which restaurant to order from, a tailored advert or figuring out the quickest route home, data is a part of our everyday decision making. For businesses, the value of