Step 2 Big Data Analytics and Machine Learning

Business Analytics

Data and Statistical Methods

to help

businesses make better decisions

depends on

Descriptive analitycs

Predictive analytics

Prescriptive analitycs

use

Data Processing

applies

Statistical Analysis

to

create predictive models.

integrates results of

Descriptive and Predictive Analytics

Tools and techniques used to collect, process and analyze data

is

the technical basis

of

Data Collection

Statistical Analysis

Data Visualization

Processes to obtain relevant data.

Techniques for interpreting data.

Tools to present results effectively

Sampling

Correlation Analysis

Regression Analysis

Graphical Analysis

Data collection

Take a small set from a large population.

Used to study the closeness of the relationship between two or more variables.

Predicts the value of future results by using past data

Data are presented in the form of graphs or diagrams

Types of Regression Analysis

Linear Regression

Multiple Regression

Logistic Regression

Poisson Regression

Sampling Methods

Random sampling

Stratified sampling

Cluster sampling