Sales Data
Change
Customer Insights
Trends
E-commerce
Understanding Variability through Statistical Analysis
Dynamics
Predictive Frameworks
Scoring 
In the context of business and business analytics, scoring refers to the process of assigning a value or score to
data points based on certain criteria
...Credit scoring,
sales forecasting Decision Trees A flowchart-like structure that uses a tree-like model of decisions and their possible consequences
...
Visualizing Financial Performance Metrics performance metrics is a crucial aspect of business analytics that enables organizations to analyze and interpret financial
data effectively
...Visualization Type Revenue Growth The increase in a company's
sales over a specific period
...
Change realm of predictive analytics, "change" refers to the transformation that occurs within organizations as they adapt to new
data insights, market conditions, and technological advancements
...By analyzing historical
sales data and external factors such as weather patterns, the company was able to forecast demand more accurately, reducing stockouts and excess inventory
...
Customer Insights Customer insights refer to the understanding and knowledge gained about customers through the analysis of
data and feedback
...HubSpot Marketing,
sales, and service software that provides insights into customer interactions
...
Trends These trends are shaping how businesses leverage
data for decision-making and strategic planning
...Retail Inventory management and
sales forecasting
...
E-commerce (K)
It encompasses a wide range of business models and transactions, including retail, wholesale, and consumer-to-consumer
sales ...Event 1960s The concept of e-commerce begins with Electronic
Data Interchange (EDI)
...
Understanding Variability through Statistical Analysis Understanding variability allows businesses to make informed decisions based on
data ...By analyzing variability in survey responses or
sales data, businesses can segment their target market effectively and tailor their marketing strategies accordingly
...
Dynamics to model, analyze, and predict changes in business environments, enabling organizations to make informed decisions based on
data-driven insights
...Description Variables Factors that can change and influence the system's behavior, such as
sales, costs, and market demand
...
Predictive Frameworks frameworks are structured methodologies used in the field of business analytics to forecast future events based on historical
data and statistical algorithms
...Sales forecasting, risk assessment Machine Learning Models Employ algorithms that improve automatically through experience
...
Statistical Investigations Statistical investigations are systematic approaches used in business analytics to collect, analyze, and interpret
data for making informed decisions
...Sales forecasting, customer behavior analysis
...
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