This article provides a brief explanation of the Holt-Winters Forecasting model and its application in the business environment.
Tag: Citizen Data Scientist
In this article, we will focus on the identification and exploration of data patterns and the trends that data reveals. The business can use this information for forecasting and planning, and to test theories and strategies. Let’s look at the various methods of trend and pattern analysis in more detail so we can better understand the various techniques.
There is a new business role on the horizon and, at first glance, it may seem very much like a role that was introduced a few short years ago. This new enterprise role is known as an ‘Analytics Translator’ and, while there is some confusion regarding the distinction between this role and the newly minted Citizen Data Scientist or Citizen Analyst, there are some subtle but important differences. In a previous article (What is an Analytics Translator and Why is the Role Important to Your Organization?), we discussed the definition of an Analytics Translator. Here, we will discuss the role of Citizen Data Scientist and Analytics Translator and how they differ. To understand these roles, let’s look first at the somewhat more familiar role of Citizen Data Scientist (AKA Citizen Analyst).
Today, enterprises recognize the critical value of advanced analytics within the organization and they are implementing data democratization initiatives. As these initiatives evolve, new roles emerge in the organization. The newest of these analysis-related roles is the ‘analytics translator‘. As the enterprise considers the relevance of this new role within the business, it is important to understand the responsibilities of an Analytics Translator, and how this role might help the organization to achieve its goals.
What on earth is Plug n’ Play Predictive Analysis? It’s not a hot single from a new boy band! It IS a surprisingly simple business intelligence tool that can help you plan, predict, see patterns and trends and allow the average business user to function at a higher level with concise information that will help users to make good decisions. Sound good? It is! Trust me, I use it and it has elevated the work and accuracy of the business decisions made by my team!
