Diagnostic Modeling
Key Analytical Techniques
Analytical Models
Analyze Operational Data for Improvement
Understanding Data Analysis Processes
Perspectives
Sales Analysis
Analysis Methodologies
Data Analysis Insights 
Data analysis is a critical component of business analytics that involves inspecting, cleansing, transforming, and
modeling data with the goal of discovering useful information, informing conclusions, and supporting decision-making
...Diagnostic Analysis: Investigates past performance to determine why something happened
...
Key Analytical Techniques Key Techniques Regression Analysis:
Modeling the relationship between dependent and independent variables
...Diagnostic Analytics Diagnostic analytics focuses on understanding the reasons behind past outcomes
...
Analytical Models Diagnostic Models: These models analyze data to understand the causes of past outcomes
...Challenges in Analytical
Modeling While analytical models provide significant advantages, they also come with challenges: Data Quality: Poor quality data can lead to inaccurate models and unreliable predictions
...
Analyze Operational Data for Improvement Diagnostic Analytics Diagnostic analytics seeks to explain why certain events occurred
...Interactive dashboards, real-time data analysis Power BI Business Intelligence Data
modeling, report sharing, integration with Microsoft products SAS Statistical Analysis Advanced analytics, data mining, predictive analytics
...
Understanding Data Analysis Processes Data analysis is a systematic approach to inspecting, cleansing, transforming, and
modeling data with the goal of discovering useful information, informing conclusions, and supporting decision-making
...Diagnostic Analysis Explains why certain outcomes occurred by analyzing historical data
...
Perspectives Diagnostic Analytics: Aims to determine the cause of past outcomes by analyzing data correlations
...Key methods include: Method Description Regression Analysis
Modeling the relationship between variables to predict outcomes
...
Sales Analysis Diagnostic Analytics Diagnostic analytics seeks to explain why certain sales trends occurred by analyzing data correlations
...This can involve: Time series analysis Machine learning models Predictive
modeling 4
...
Analysis Methodologies Below are some of the most commonly used methodologies: Descriptive Analysis
Diagnostic Analysis Predictive Analysis Prescriptive Analysis Exploratory Data Analysis (EDA) 1
...EDA is essential for understanding the data before applying more formal
modeling techniques
...
Analysis Types of Analysis Descriptive Analysis
Diagnostic Analysis Prescriptive Analysis Predictive Analysis Descriptive Analysis Descriptive analysis involves summarizing historical data to understand what has happened in the past
...Key processes include: Text mining Sentiment analysis Entity recognition Topic
modeling Applications of Text Analytics Text analytics has numerous applications across various industries, including: Industry Application Healthcare
...
Building Predictive Models with Data Analysis Predictive
modeling is a statistical technique that uses historical data to predict future outcomes
...ROC Curve: A graphical representation of a model's
diagnostic ability
...
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