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23. Binomial ANOVA
23. Binomial ANOVA

... survival/mortality of units (hopefully plants, not people!), simple yes/no responses, pass/fail, infected/uninfected with disease, etc. We have already discussed tests suitable for binomial data, but for the cases where we have 2 or more predictor variables we can also run an ANOVA using the output ...
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... Provost, F., & Fawcett, T. (2013). Data Science for Business (1st ed.). United States of America: O'Reilly. Russo, M. (2013). Exciting Times for Business Analytics. Blogs MSDN. Retrieved from Microsoft Business Intelligence website: http://intelligence1159.rssing.com/chan-5375828/all_p3.html Simón, ...
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... subject/agent of verb/predicate). Data Mining techniques aim at extracting patterns by combining statistics and statistical analysis with machine learning and database management, using methods such as association rule learning (to discover relationships between variables in large databases, e.g. in ...
Exercise 1: Consider the two data matrices 3 7 2 4 4 7 and X 6 9 5 7
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... are even, same as a coin toss. No relationship between variables can be assumed. Exp b’s greater than 1 indicate a positive relationship, less than 1 a negative relationship – Arrest decreases (negative b) the odds of repeat victimization by 22 percent (1 - .78 = .22), but the effect is non-signific ...
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Predictive analytics

Predictive analytics encompasses a variety of statistical techniques from modeling, machine learning, and data mining that analyze current and historical facts to make predictions about future, or otherwise unknown, events.In business, predictive models exploit patterns found in historical and transactional data to identify risks and opportunities. Models capture relationships among many factors to allow assessment of risk or potential associated with a particular set of conditions, guiding decision making for candidate transactions.The defining functional effect of these technical approaches is that predictive analytics provides a predictive score (probability) for each individual (customer, employee, healthcare patient, product SKU, vehicle, component, machine, or other organizational unit) in order to determine, inform, or influence organizational processes that pertain across large numbers of individuals, such as in marketing, credit risk assessment, fraud detection, manufacturing, healthcare, and government operations including law enforcement.Predictive analytics is used in actuarial science, marketing, financial services, insurance, telecommunications, retail, travel, healthcare, pharmaceuticals, capacity planning and other fields.One of the most well known applications is credit scoring, which is used throughout financial services. Scoring models process a customer's credit history, loan application, customer data, etc., in order to rank-order individuals by their likelihood of making future credit payments on time.
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