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> provides an overview of business analytics (BA), business intelligence (BI), and the role and importance of these in the modern business decision-making.The book discusses all these areas along with three main analytics categories: (1) descriptive, (2) predictive, and (3) prescriptive analytics with their tools and applications in business. This volume focuses on descriptive analytics that involves the use of descriptive and visual or graphical methods, numerical methods, as well as data analysis tools, big data applications, and the use of data dashboards to understand business performance.The highlights of this volume are: Business analytics at a glance; Business intelligence (BI), data analytics; Data, data types, descriptive analytics; Data visualization tools; Data visualization with big data; Descriptive analytics-numerical methods; Case analysis with computer applications.
This business analytics (BA) text discusses the models based on fact-based data to measure past business performance to guide an organization in visualizing and predicting future business performance and outcomes.It provides a comprehensive overview of analytics in general with an emphasis on predictive analytics. Given the booming interest in analytics and data science, this book is timely and informative. It brings many terms, tools, and methods of analytics together.The first three chapters provide an introduction to BA, importance of analytics, types of BA-descriptive, predictive, and prescriptive-along with the tools and models. Business intelligence (BI) and a case on descriptive analytics are discussed. Additionally, the book discusses on the most widely used predictive models, including regression analysis, forecasting, data mining, and an introduction to recent applications of predictive analytics-machine learning, neural networks, and artificial intelligence. The concluding chapter discusses on the current state, job outlook, and certifications in analytics.
Business Analytics: A Data-Driven Decision Making Approach for Business-Part I,/i> provides an overview of business analytics (BA), business intelligence (BI), and the role and importance of these in the modern business decision-making.</b><p>The book discusses all these areas along with three main analytics categories: (1) descriptive, (2) predictive, and (3) prescriptive analytics with their tools and applications in business. This volume focuses on descriptive analytics that involves the use of descriptive and visual or graphical methods, numerical methods, as well as data analysis tools, big data applications, and the use of data dashboards to understand business performance.</p><p>The highlights of this volume are: Business analytics at a glance; Business intelligence (BI), data analytics; Data, data types, descriptive analytics; Data visualization tools; Data visualization with big data; Descriptive analytics-numerical methods; Case analysis with computer applications.</p>
Quality is a discipline that focuses on product and service excellence. This book is about improving the quality of products and services. The improved quality and reliability lead to higher perceived value and increased market share for a company, thereby increasing revenue and profitability. The book discusses the concepts and dimensions of quality, costs of poor quality, the importance of quality in this highly competitive global economy, and quality programs-Six Sigma and Lean Six Sigma that focus on improving quality in industries. The text integrates quality concepts, statistical methods, and one of the major tools of quality-Statistical Process Control (SPC)-a major part of Six Sigma control phase. A significant part of the book is devoted to process control and the tools of SPC-control charts-used for monitoring, controlling, and improving the processes by identifying the causes of process variation. The fundamentals of control charts, along with SPC techniques for variables and attributes, and process capability analysis and their computer applications are discussed in detail. This book fills a gap in this area by showing the readers comprehensive and step-wise solutions to model and solve quality problems using computers.
This book discusses data and information visualization techniques-the decision-making tools with applications in health care, finance, manufacturing engineering, process improvement, product design, and others. These tools are an excellent means of viewing the current state of the process and improving them. The initial chapters discuss data analysis, the current trends in visualization, the concepts of systems and processes from which data are collected. The second part is devoted to quality tools-a set of graphical and information visualization tools in data analysis, decision-making, and Lean Six-Sigma quality. The eight basic tools of quality discussed are the Process Maps, Check Sheets, Histograms, Scatter Diagrams, Run Charts, Control Charts, Cause-and-Effect Diagrams, and Pareto Charts. The new quality tools presented are the Affinity, Tree, and Matrix Diagrams, Interrelationship Digraph, Prioritizing Matrices, Process Decision Program Chart, and Activity Network Diagram along with Quality Function Deployment (QFD) and Multivari Charts.
The book is divided into three parts - (1) prerequisite to regression analysis followed by a discussion on simple regression, (2) multiple regression analysis with applications, and (3) regression and modeling including the second order models, nonlinear regression, and interaction models in regressions. All these sections provide examples with complete computer analysis and instructions commonly used in modeling and analyzing these problems. The book deals with detailed analysis and interpretation of computer results. This will help readers to appreciate the power of computer in applying regression models. The readers will find that the understanding of computer results is critical to implementing regression and modeling in real world situation. The book is written for juniors, seniors and graduate students in business, MBAs, professional MBAs, and working people in business and industry. Managers, practitioners, professionals, quality professionals, quality engineers, and anyone involved in data analysis, business analytics, and quality and six sigma will find the book to be a valuable resource.
Data visualization involves graphical and visual tools used in data analysis and decision making. The emphasis in this book is on recent trends and applications of visualization tools using conventional and big data. These tools are widely used in data visualization and quality improvement to analyze, enhance, and improve the quality of products and services. Data visualization is an easy way to obtain a first look at the data visually. The book provides a collection of visual and graphical tools widely used to gain an insight into the data before applying more complex analysis. The focus is on the key application areas of these tools including business process improvement, business data analysis, health care, finance, manufacturing, engineering, process improvement, and Lean Six Sigma. The key areas of application include data and data analysis concepts, recent trends in data visualization and OBig Data,O widely used charts and graphs and their applications, analysis of the relationships between two or more variables graphically using scatterplots, bubble graphs, matrix plots, etc., data visualization with big data, computer applications and implementation of widely used graphical and visual tools, and computer instructions to create the graphics presented along with the data files.
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