By now every business owner and manager is aware of the latest megatrend related to data analysis and knows that they should make data-driven decisions only at work. Gut feeling and winging it are now practices outdates as they have proved time and again that they fail. But the problem still remains in the know-how of parsing through all the layers of data streaming into your systems. Do you have the requisite know how?
Luckily for you, you may not be the one to crunch all the numbers (phew!). You pay other robotic data analytics personnel to do that for you. But you must correctly understand the analysis report that is handed over to you for interpretation after your colleagues are done with all the heavy lifting. A common practice is the realm of data analysis is regression analysis. Continue reading “Let us Revise Regression Analysis”