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Showing posts from December, 2017

Learn about Business Analytics

Business Analytics  (BA) refers to the skills, technologies, practices for continuous iterative exploration and investigation of past business performance to gain insight and drive business planning. Business analytics focuses on developing new insights and understanding of business performance based on data and statistical methods. In contrast, business intelligence traditionally focuses on using a consistent set of metrics to both measure past performance and guide business planning, which is also based on data and statistical methods.[citation needed] Business analytics makes extensive use of statistical analysis, including explanatory and predictive modeling, and fact-based management to drive decision making. It is therefore closely related to management science. Analytics may be used as input for human decisions or may drive fully automated decisions. Business intelligence is querying, reporting, online analytical processing (OLAP), and “alerts”. In other words, querying, r

What is SAS?

SAS is a software suite that can mine, alter, manage and retrieve data from a variety of sources and perform statistical analysis on it. SAS provides a graphical point-and-click user interface for non-technical users and more advanced options through the SAS language.SAS programs have DATA steps, which retrieve and manipulate data, and PROC steps, which analyze the data. Each step consists of a series of statements. The DATA step has executable statements that result in the software taking an action, and declarative statements that provide instructions to read a data set or alter the data’s appearance.The DATA step has two phases: compilation and execution. In the compilation phase, declarative statements are processed and syntax errors are identified. Afterwards, the execution phase processes each executable statement sequentially. Data sets are organized into tables with rows called “observations” and columns called “variables”. Additionally, each piece of data has a descripto

Learn about Business Analytics

Business Analytics  (BA) refers to the skills, technologies, practices for continuous iterative exploration and investigation of past business performance to gain insight and drive business planning. Business analytics focuses on developing new insights and understanding of business performance based on data and statistical methods. In contrast, business intelligence traditionally focuses on using a consistent set of metrics to both measure past performance and guide business planning, which is also based on data and statistical methods.[citation needed] Business analytics makes extensive use of statistical analysis, including explanatory and predictive modeling, and fact-based management to drive decision making. It is therefore closely related to management science. Analytics may be used as input for human decisions or may drive fully automated decisions. Business intelligence is querying, reporting, online analytical processing (OLAP), and “alerts”. In other words, querying, r

What is SAS?

SAS is a software suite that can mine, alter, manage and retrieve data from a variety of sources and perform statistical analysis on it. SAS provides a graphical point-and-click user interface for non-technical users and more advanced options through the SAS language.SAS programs have DATA steps, which retrieve and manipulate data, and PROC steps, which analyze the data. Each step consists of a series of statements. The DATA step has executable statements that result in the software taking an action, and declarative statements that provide instructions to read a data set or alter the data’s appearance.The DATA step has two phases: compilation and execution. In the compilation phase, declarative statements are processed and syntax errors are identified. Afterwards, the execution phase processes each executable statement sequentially. Data sets are organized into tables with rows called “observations” and columns called “variables”. Additionally, each piece of data has a descriptor a