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Predictive Analytics using Rattle and Qlik Sense

Predictive Analytics using Rattle and Qlik Sense

By : Ferran Garcia Pagans, Fernando G Pagans
4 (5)
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Predictive Analytics using Rattle and Qlik Sense

Predictive Analytics using Rattle and Qlik Sense

4 (5)
By: Ferran Garcia Pagans, Fernando G Pagans

Overview of this book

If you are a business analyst who wants to understand how to improve your data analysis and how to apply predictive analytics, then this book is ideal for you. This book assumes you have some basic knowledge of statistics and a spreadsheet editor such as Excel, but knowledge of QlikView is not required.
Table of Contents (11 chapters)
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10
Index

Correlations among input variables

An important step is to identify relationships among input variables. To measure this relationship, we use the correlation coefficient. Correlation coefficient is a number between +1 and -1. When two variables have a correlation coefficient close to +1, they have a strong positive correlation. A coefficient of exactly +1 indicates a perfect positive fit. A positive correlation between two variables means that both variables increase and decrease their values simultaneously. A correlation coefficient between two variables close to -1 shows that both variables have strong negative correlation. When two variables have a negative correlation, the value of one of the variables increases when the value of the other variable decreases. A correlation coefficient close to 0 or a weak correlation between two variables means that there is no linear relationship between those variables.

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