Glossary of Data Science and Data Analytics

What is Correlation Analysis?

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Correlation analysis refers to the application of statistical analysis and other mathematical techniques to evaluate or measure the relationships between variables. It can be used to identify the most likely set of factors that will lead to a particular outcome — such as a client responding to an offer or the performance of financial markets.

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Discover Glossary of Data Science and Data Analytics

What is Embedded Analytics?

It places analytics into a workflow or application at the point of need and allows users to take immediate action without having to leave the app to gain more information to make a decision.

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What is Time Series Forecasting?

Time Series Forecasting is the process of predicting future values by analyzing data points recorded in chronological order. This analytical approach develops forward-looking insights using patterns, trends, and cyclical movements observed in the past.

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What is Physical AI?

Physical artificial intelligence is explained as artificial intelligence systems that can interact with physical objects found in the real world, perceive their environment, and give adaptive responses to this environment.

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