Linear Regression

A linear regression model assumes that the regression function is linear in the inputs. Linear models are quite simple and often provide an adequate description of how the inputs affect the output. In order to build a more complex model, man can first transform the inputs using for example log...

Critical Success Fac...

Critical Success Factors (CSFs) are the global factors or activities that really matter for success, the critical ones required to ensure the success of an organization. An organization has missions and goals associated to these missions. CSFs are the gears that ensure the entity reaches its...

Data visualization P...

Data visualization is the study of the visual representation of data. Its main goal is to communicate information clearly and effectively through graphical means. I would recommend you to use algorithms and programming techniques to create the data visualization in order to obtain one which is...

Data Model and Conce...

A data model explicitly determines the structure of data. The main aim of data models is to support the development of information systems by providing the definition and format of data. The data model must be built in parallel to the business model and the business processes. It helps define...

Statistical Learning...

In a supervised learning scenario, we have an outcome, which can be quantitative (real estate price) or categorical (spam email) that we wish to predict based on a set of features (size in square meters, number of rooms). The training dataset procures us both a set of outcomes and features,...

Business Process Mod...

Business Process Modeling expends your understanding of the business to the scope of the activities. In a first approach you would deep dive in top-level and key activities of the organization. In many organizations process are not well documented. You may need to spend time with operators of...

The Business Model C...

One of the first tasks of a consultant or an entrepreneur is to understand the organization he is advising or building. Osterwalder & Pigneur created a great framework to answer the following question: What is your business model, how will you earn money? I strongly recommend you to read...