Jul 30 2014

How to interpret hidden state in Latent Markov Model

Markov chain

In some of my previous articles, I have illustrated how Markov model can be used in real life forecasting problems. As described in these articles, Simple Markov model cannot be used for customer level predictions, because it does not take into account any covariates for predictions. Latent Markov model is a modified version of the …

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Jul 27 2014

Review: Qlik Sense Desktop – Is this the next gen visualization tool you need?

Qlik Sense_image1

QlikTech recently announced a free version of its next-generation data visualization application – Qlik Sense. According to QlikTech, the product delivers a simple drag-and-drop interface for business users to rapidly create interactive visualizations, reports, and dashboards.  If you have been following QlikTech, Qlik Sense Desktop is the first commercially available release from the much talked about …

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Jul 23 2014

Solve a business case using simple Markov Chain

cycle

Markov process fits into many real life scenarios. Any sequence of event that can be approximated by Markov chain assumption, can be predicted using Markov chain algorithm. In the last article, we explained What is a Markov chain and how can we represent it graphically or using Matrices. In this article, we will go a …

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Jul 21 2014

Using statistics: How to understand population distributions?

xkcd_seashell

One of the common queries, which I get on the blog is: I am not a Mathematics / Statistics graduate. Can I still become a good business analyst? or I am not good at statistics. Can I still change my career to become a business analyst? The simple answer to the question is – you …

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Jul 17 2014

Introduction to Markov chain : simplified!

Markov chain is a simple concept which can explain most complicated real time processes.Speech recognition, Text identifiers, Path recognition and many other Artificial intelligence tools use this simple principle called Markov chain in some form. In this article we will illustrate how easy it is to understand this concept.   Markov chain is based on …

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Jul 15 2014

Baby steps in Python – Libraries and data structures

HelloW-3

In one of the posts last month, we started taking baby steps in learning Python for data analysis. This post will take you one step ahead in your journey to learn Python. By end of this post, you will understand the role of several python libraries and various kinds of data structures used in Python. …

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Jul 13 2014

How to use “VLOOKUP()” like functionality in QlikView?

Applymap_Data

Whenever I interact with a Qlikview user, who has migrated from Excel recently – one of the most common queries which comes through is: “How do I apply VLOOKUP() in Qlikview?” For the starters, VLOOKUP is the excel way of joining 2 datasets through a common key. It is somewhat similar to joins in SQL. …

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Jul 08 2014

Who is the world cheering for? 2014 FIFA WC winner predicted using Twitter feed (in R)

Sports are filled with emotions! Cheering of audience, reactions to events on various media channels are some of the factors, which make a huge impact on the mind of the players. If people support you, your chances to win are greatly enhanced. Live example of this fact, are the statistics of Indian cricket team playing in India and …

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Jul 07 2014

Definitive guide to prepare for an analytics interview

nervous-job-interview

Let’s face it! Facing an analytics interview can be daunting at times! I have met a lot of analysts, who are good analysts when you interact with them informally. But something happens to them, as soon as they enter into an interview! Have you seen one of these analysts and wondered what happens to them …

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Jul 03 2014

Using Facebook as an analyst (Hint – using R)

Facebook has huge data bank and it allows us to make use of it to some extent. October is a month of celebration in India. We have festivals like Diwali and Dushehra in October, which makes the entire month a time to celebrate and reunion. Every time we meet our friends and relatives at different places, to make …

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Jul 01 2014

Baby steps in learning Python for data analysis

baby-steps-300x193

Last weekend turned out to be a very special one! My 10 month old daughter took her first baby steps and watching her take those steps was one of the most beautiful moment of my life. A baby, brimming with excitement to reach out to her father, trying to balance, while exploring her newly acquired skill …

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Jun 27 2014

Comparing a Random Forest to a CART model (Part 2)

Comparison

Random forest is one of the most commonly used algorithm in Kaggle competitions. Along with a good predictive power, Random forest model are pretty simple to build. We have previously explained the algorithm of a random forest ( Introduction to Random Forest ). This article is the second part of the series on comparison of a random …

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Jun 24 2014

What is deep learning and why is it getting so much attention?

A few days back, the content feed reader, which I use, showed 2 out of top 10 articles on deep learning. This is when I thought I need a better understanding of what is deep learning. I probably noticed the term – deep learning sometime late last year. And it has grown in its presence …

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Jun 20 2014

Comparing a CART model to Random Forest (Part 1)

I created my first simple regression model with my father in 8th standard (year: 2002) on MS Excel. Obviously, my contribution in that model was minimal, but I really enjoyed the graphical representation of the data. We tried validating all the assumptions etc. for this model. By the end of the exercise, we had 5 sheets of the simple regression …

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Jun 16 2014

SAS launches a free version – but, is it good enough?

SAS_analytics_U

I have spent the entire 7 years of my corporate work experience working on SAS. So, when I heard that SAS launched a free version (late May) – I was all excited! My initial reaction was that if SAS becomes available for free, it would become the preferred choice of analysis tool for people entering …

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