What is the Consistent Scaling Method? What is Consistent Scaling? Consistent scaling involves applying one scaling factor per data point (e.g., per row) across several
Data Analysis for evaluating the sale performance (retail store case) After working in retail sales for a full year, I wanted to reflect on my
Using Conditional Probability in SQL for Fraud Detection Probability concepts, such as conditional probability and Bayes’ Theorem, are widely used in real-world applications like fraud
Process Mining (PM) stands out in business process management by using a process-centric approach to analyze digital and textual data through business mining applications, aiming to discover and improve business processes based on extensive data analysis, including newer machine learning techniques applied to social media content (van der Aalst, 2012; Revina & Aksu, 2023).
“Business analysis projects are fraught with risks, notably from stakeholders who may miscommunicate their needs or resist change, potentially leading to misguided goals and disappointing outcomes.”
“Business analysis often faces criticism for delivering impractical solutions, leading to a necessary focus on defining clear performance measures to assess its real impact on organizations.”