Online sales are growing faster than offline for Apparel

Morgan Stanley report predicted that Amazon will become the top US apparel retailer in 2018, after growing its market share by 1.5% last year. It's true that online retailers and off-price stores have hit the traditional channel for apparel department stores as Per Morgan Stanley, department stores will account for just 8% of the apparel market by 2022, …

Awesome Tableau shortcuts

10. Drag pills to the chart area for quick color We all know that you can drag a pill to the Color shelf to assign color. You can also drag a pill to the chart area—for example, right on top of a bar—and it will also assign color.     if you multi-select two blue pills …

Predictive Modelling in Analytics

Predictive Analytics modelling is the process of creating, testing and validating a model to attempt the prediction of the probability of an outcome. A number of modeling methods from machine learning, artificial intelligence, and statistics are available in predictive analytics software solutions for this task. The model is chosen on the basis of testing, validation and …

Data Analysis in Predictive Analytics

The process of inspecting, cleaning, transforming, and modelling data with the objective of discovering useful information, arriving at conclusions, and supporting the decision making process is called Data Analysis. There are multiple facets and approaches with diverse techniques for the data analysis. The data analysis in statistics are generally divided into descriptive statistics, exploratory data …

Data Mining within the Predictive Analytics Proces

The proper use of the term data mining is data discovery. However, the term is used commonly for collection, extraction, warehousing, analysis, statistics, artificial intelligence, machine learning, and business intelligence. Statistics provide sufficient tools for data analysis and machine learning deals with the different learning methodologies. Before any data can be mined it needs to be …

The Predictive Analytics Process

I am certainly not an expert  in this field, but I know a good thing when I see it. Predictive analytics is the branch of advanced analytics which is used to make predictions about unknown future events. Predictive analytics brings together a vast array of tools and techniques to analyse current data to make predictions …