Professional Documents
Culture Documents
Analyze
• Segmentation • Benchmarking and Gap Analyses
•Trigger Analyses •Key Driver Analyses
Predict/Improve
•Modeling •Optimization
•Simulation
Analytics
Modeling
Forecasting / What if these trends continue?
Exploration
Competitive Advantage
Degree of Intelligence
Data Rich - Information Poor
--Forrester Research
DATA TYPES
Nominal-identify and classify
Ordinal-order data
Interval-rate the data
Ratio-set a reference.
Coding Error
Checking
And
Data Entry Verification
(Keyboarding)
Data
Analysis
Interpretation
A Classification of Multivariate Methods
A ll M u lt iv a r ia t e
M e t h o d s
A r e s o m e o f t h e
v a r ia b le s d e p e n d e n t
o n o t h e r s ?
Y e s N o
D e p e n d I en n d c e e p e n d e n c e
M e t h o d sM e t h o d s
Multivariate Analysis: Classification of Dependence Methods
D e p e n d e n c e
M e t h o d s
H o w m a n y v a r i a b le s
a r e d e p e n d e n t ?
O n e D e p e n d e n t S e v e r a l D e p e n d e M n ut l t i p l e in d
V a r i a b l e V a r i a b l e s a n d d e p e n
v a r i a b l e s
M e t r i c - T h e sN c o a n l em s e a t r r i e c M - e T t rh i ce - T h e sN c o a n l em s e a t r r i ec - TC h a e n o n i c a
r a t i o o r i n t e s r c v a a l le s a r e n or a m t i oi n ao lr i n t e s r c v a a l l e s a r e n o mA ni n a a l y l s i s
o r o r d i n a l o r o r d in a l
M u l t i p l e M u
lt ip le M u lt iv a r ia t e C o n jo in t
R e g r e s s i o n D i s c r i m in a n At n a ly s i s o f A n a l y s i s
A n a ly s i s V a r i a n c e
( M A N O V A )
Multivariate Analysis: Classification of Independence Methods
I n d e p e n d e n c e
M e t h o d s
A r e i n p u t s
M a t r i c ?
M e t r i c - T h e N o n m e t r i c
s c a l e s a r e r a t i o s c a l e s a r e
o r I n t e r v a l o r o r d i n a
F a c t o r C l u s t e r M e t r i c N o n m e t r i
A n a l y s i s A n a l y s Mi s u l t i d i m eM n u s l i t o i d n i am l e
S c a l i n g S c a l i n g
Correlation Analysis
Correlation analysis is a statistical technique used to
measure the magnitude of linear relationship
between two variables.
Correlation analysis cannot be used in isolation to
describe the relationship between variables.
It can be used along with regression analysis to
determine the nature of the relationship between
two variables.
Two prominent types of correlation Coefficient are
Pearson Product Moment correlation
coefficient
Spearman’s Rank correlation coefficient
Application:
How strongly are sales related to advertising
expenditure?
Is there any association between market share &
size of the sales force?
Are consumer’s perceptions of quality related to
the perceptions of prices?
Regression Analysis
Linear regression : Y = + X
F test is used to test the significance of the linear relationship
between two variables Y and X
H0: = 0 (There is no linear relationship between Y and X)