Questions tagged [business-intelligence]

business intelligence is statistics and data analysis of business information.

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16 views

Survival Analysis on conversion rates

I'm trying to implement survival analysis on conversion rates for a free trial product we provide. In general, I understand the applications on survival analysis along with dealing with right censored ...
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5 views

Benchmarking Analysis (statistical approach)

Im looking for sources in order to perform some kind of statistical analysis applied to Benchmarking, i.e., "market analysis" where I'm measuring the performance of a company's products, services, or ...
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15 views

Estimate with 90% confidence, the mean size

The operations manager of a vehicle manufacturing plant in London wants to estimate the average size of an order received. An order is measured by the number of vehicles shipped. A random sample of ...
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71 views

How to forecast individual customer's spend (for millions of customers)?

Which forecasting model fits better to forecast the customers spend in the next upcoming visit? We have millions of customers, so ARIMA or any other time series modeling for each of the customers is ...
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1answer
34 views

Difference between forecasting model, forecasting method and forecasting function

I am new to the field of Business Analytics. Can anyone distinguish between forecasting model, forecasting method and forecasting function? According to the book forecasting function is is an equation ...
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1answer
15 views

Architecture to build model off of partners data while protecting each partners intellectual property

Are there any architectures that allow two partners to build a model while protecting each of their respective intellectual property (IP)? For example: Company A builds machine learning models ...
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1answer
45 views

Regression with negative values, inverse regression, cost stickiness

I'm doing an analysis of cost stickiness with change in cost and change in revenue. Cost stickiness means that the percentage cost will decrease when revenue decreases is lower than the percentage ...
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0answers
31 views

Which statistical figures should be used to describe my data set [closed]

I apologize if this question has been asked before. I am looking for the best way to describe my data set. A little background - I am a algorithmic programmer with a physics/mathematics background. ...
2
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1answer
59 views

Return on investment for a vaccine

I have been tasked with finding the return on investment of a vaccine. The vaccine is used by farmers for their cows and the number of cows kept varies drastically between farmers (from $1$ to $1,000'...
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1answer
54 views

What is the resulting increase in Sales ($ and %) from a treatment?

I have 43 weeks of data (here) that show the resulting weekly sales of a group of test stores which received a treatment and sales of other "control" stores that did not. There were 36 test stores and ...
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2answers
307 views

Calculate mean from cumulative percentage table

Is it possible to calculate mean from cumulative percentage table below? Scenario: Bob is a manager. He is trying to estimate the sales for the next year, and from his experience, he knows the sales ...
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3answers
53 views

Correct statistics technique for prob below

I am kind-of stuck with a small problem here. I can't find a proper statistics based technique which will solve my problem! Problem: I have a dependent variable (Categorical 4 Levels), and 6 ...
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1answer
34 views

Choosing a significance test for employee performance

I'm analyzing employee performance at a call-center. I'd like indicate whether a particular employee's conversion (success) rate is significantly different from the average/expected conversion rate. ...
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1answer
60 views

Is there any “Intro to Statistics” for business and mangement use?

I am looking for an "Introduction to Statistics" to apply to business and management. Can someone recommend a source they have used (maybe in their MBA or similar studies) that is available online (...
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1answer
494 views

Practical Examples of What Econometrics Can Do for a Business? [closed]

Hello, all. So, as a beginning MA student in Economics, I had to take a basic Econometrics course (which was absolutely fascinating and I really loved it), and it seemed like a genuinely practical ...
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23 views

Is there a standard set of reports that can be applied to any dataset?

I work for a small recycling firm and we have built and maintain a stock management system. I've been asked to implement some reports over our dataset but I have no background in BI or statistics. I'm ...
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1answer
43 views

Can CAPM be applied in this non-financial context?

I want to get a "score" which measures the efficiency of truck planners at a site which despatches boxes of identical size to multiple destinations. This is measured by how full each truck is, on ...
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0answers
135 views

Aggregation system for percentage Key Performance Indicators (KPIs)

I need some suggestions for an issue regarding our business intelligence (BI) system, percentage Key Performance Indicators (KPIs) and average values. I am using a BI system for our organization, ...
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3answers
390 views

Accuracy of a probability estimate

How can you classify the accuracy of a probability? Say I do a study of people that like bananas in 2 different regions. Region 1: 8 out of 10 people tested like bananas. Region 2: 500 out of 1000 ...
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1answer
61 views

Calculating Revenue per customer for a series of emails over time, which have a normal decay rate

I am analyzing data for an email marketing company. We have x amount of subscribers that come in at some point in time. We promote zero or more emails to these individuals daily, for several ...
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1answer
30 views

How to average days until completion when some items haven't completed the cycle?

I am attempting to calculate the average number of days it takes for an order to go through our process - from receipt of order to delivery. When calculating the average days, how should I handle ...
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1answer
176 views

What challenges can data science help with in small businesses

Data science can solve/help with many challenges. But it usually looked upon as something for multi-million dollar corporations. I'm looking for examples of challenges data science helped with in ...
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2answers
722 views

Odds vs probability in logistic regression

I am going through Trevor Hastie's Classification Techniques. Its says Odds are traditionally used instead of probabilities in horse-racing. I still don't understand how they relate more ...
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4answers
722 views

Good practice for statistical analysis in a business environment

(While I realise this isn't strictly about statistics, it is about the dissemination of statistics in a business environment so I have assumed it is still within the topic range of CV) A brief bit of ...
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1answer
249 views

ROI Social Media

I'm trying to estimate the ROI of a social media campaign but the main issue I'm falling into is linking social media spend to actual company sales. More followers/tweets/likes/fans etc may just mean ...
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0answers
203 views

Difficulty identifying diminishing returns from additional SKUs

As a work assignment, I've been asked to determine the optimal SKU count for a product group. I've decided to tackle this Q using a simple linear regression with sales as my dependent variable and the ...
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2answers
2k views

How to write log-likelihood for beta-geometric with optim() in R?

I am trying to estimate the parameters for a shifted beta-geometric distribution to model user churn, as shown in this paper. The log-likelihood function is described there and solved via Excel, and I ...
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2answers
3k views

What is the difference between Visualization and BI Visualization?

I am currently doing visualization on my project and I need to know whether the visualization I have done is BI visualization or not. So is there any difference between Visualization and BI ...
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1answer
183 views

Should I use Bayes' formula to generate simple data about business competition and the market place?

I run a small business, and I'm keen on understanding my market a little more. Market surveying and similar tools are not available to me, mainly due to time and budget. I don't require rock-solid ...
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0answers
139 views

MS business intelligence development studio CART analysis

I'm doing some clinical database research and in an effort to lessen the burden on our statistical staff, I started to look for different software solutions to get the analyses I need, and that's ...
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1answer
2k views

Standard deviation of revenue where numbers are only positive

Is there a way for standard deviation to ignore negative numbers? In other words, how can you make it so that 2 or 3 deviations do not extend into negative territory? When looking at a set of only ...
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1answer
122 views

Layperson's guide to valid polling via Internet?

Sites such as Survey Monkey allow a layperson to easily create and administer a questionnaire. However, the only thing I know about polling is that you can't just create a questionnaire, let anyone ...
4
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1answer
170 views

What's the probability a rabbit will return to a (certain) forest?

Let's assume we have a forest. And there is a breed of rabbits that is visiting that forest all the time. It is possible to distinguish every individual rabbit. There are devices in that forest ...
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1answer
248 views

How can you summarize growth in the “production” rate per person?

I have been reading the book, Good to Great by Jim Collins. It says that you should focus on information that "cannot be ignored," and that you should focus on the right "denominator." I thought it ...
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2answers
520 views

Doing data analysis for property managers…any tips? [closed]

So I have data elements such as rent price, late payments, unit type and location. I haven't done statistical analysis since my university time where I majored in industrial engineering 2 years ago ...
2
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1answer
169 views

Algorithm to evaluate whether you should buy now or wait [closed]

I'm currently in search of an algorithm that can determine whether or not it's time to buy something (an item, a stock, a service, etc.) given an history of prices (30, 50, 100, ...). My idea is ...
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1answer
1k views

Combining metrics for score card

We are building a score card system to measure the performance of various groups in the organization. The scores are generated by true / false metrics on individual transactions that each group ...
1
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0answers
123 views

Building business intelligence tool — where to start?

I'm currently a web developer with a backgound mainly in server side technologies however I've always had an interest in probability so recently I've been exploring building a dummy betting platform ...
4
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2answers
166 views

Checking what attributes of a population made objects more likely to do certain action

I'm pretty lost at how to approach this, and particularly with regards to the terminology; so please feel free to point to resources, fix my question name, etc. Thanks. I used R back in college, I've ...
1
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1answer
939 views

How should I compare average store sales change across time?

I have what seems like a fairly common business statistics scenario: I need to compare one group of stores to another group of stores and be able to say if their difference in sales is statistically ...
3
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4answers
3k views

Useful statistical functions for business — for use by a newbie

I am a database developer working for a sales and manufacturing business. I am mostly ignorant about statistics. We need useful metrics. Our managers are tuned to accounting, and the vagaries of ...