Math 534 discussion - Study guides, Class notes & Summaries

MATH 534 Week 5 Discussion; Hypothesis Testing

MATH 534 Week 7 Discussion Predictive Analytics (Keller) Predictiveanalyticsisaninnovativeanalyticsdivisionthatuseshistoricaldatacombinedwith mathematical simulation, data mining techniques and machine learning to makeforecasts about future results.In order to detect threats and prospects, businessesemploy predictiveanalytics tofindtrendsin thisknowledge.

MATH 534 Week 6 Discussion Regression Analysis (Keller) Here,wearetalkingaboutregressionanalysis.Regressionanalysisreferstoa statisticalmethodofmodelingtherelationshipsbetweendifferentvariables(dependentand independent). It is used to describe and analyze relationships between data. Also,the regression analysis is used to make predictions, the relationships between databeingusedasabasis forforecastinganddesigningapredictionmodel.

MATH 534 Week 5 Discussion Hypothesis Testing.

MATH 534 Week 5 Discussion Hypothesis Testing.

MATH 534 Week 8 Discussion The descriptive statistics summarize data from a sample, for example, demographicprofiles. Whenever there are several groups, it is useful to provide the descriptivestatistics by group and for the overall sample. This gives a visual impression of thecomparabilityofthe groupsin termoftheir baseline characteristics.Itis notnecessaryto report statistical tests and P-values in such a summary because the main concern isthe comparability of the participants (which reflect...

MATH 534 Week 2 Discussion: Changing Probabilities into Conditional Probabilities Describe a situation where you see probabilities or might see probabilities. Then present thisprobabilityasaconditionalprobability.Inresponse,otherstudentscanmakeassumptionsaboutthe conditional probability table that could accompany such a situation and pose a question for aspecificprobability.Finally,athirdstudentcanshowtheworkofsolvingtheprobability.Yourfirstpost should start a newprobabilitydiscussiononly

MATH 534 Week 5 Discussion; Hypothesis Testing

MATH 534 Week 5 Discussion; Hypothesis Testing

Predictive analytics in business is an important application of multiple regression analysis.Generallyspeaking,whatismeantbypredictiveanalytics?Asabusinessowner,howcouldyouuseregressionanalysisand predictive analyticsto increase your company'ssales?