With TURBOARD’s built-in Python-powered technology, there is no need to transfer output data to carry out data science operations using other tools.
You don't need to know anything about Python. All you need to know is how to use a mouse.
When you apply a model using TURBOARD, it is applied to the whole data set, not just to the sampling. TURBOARD’s BI filters are run hand-in-hand with analytics powered expressions. For example, you can compare the regression line in one region with whole-country data or you can monitor to see in which areas of your business your predictions have been more accurate.
To predict a target value from several (preferably independent) variables, regression algorithms attempt to find a formula that best matches the sampling.
For example, imagine you have the data on all taxi rides in a city (kilometers driven, trip minutes, and fee for each ride). Regression analysis will produce the best formula to fit the majority of the taxi rides. R-squared (r2) is a quality metric for regression, describing the percentage of sampling that is perfectly defined by the formula. If r2 is 0.9, that means the formula accurately defines 90% of all taxi rides. There will be reasons why the other 10% of rides are not covered by the formula. For example, some users may bargain for lower fares, and sometimes taxi drivers will keep the change.
In TURBOARD, you can use linear and polynomial regression models.
Given a target variable, a classification algorithm will learn how data would decide that specific target variable and in new parameters will predict an output.
SSVM and Logistic Regression are available algorithms that can be used without any single line of coding.
Given any number of parameters, clustering will create groups of entities depending on their proximity.
TURBOARD has K-means and Mean Shift in its pre-built statistical models repository.
TURBOARD What-If reports are unique in that they can use statistical models within the what-if analysis. For example, it may be possible to predict that a 20% increase in price will not boost turnover by 20%, as the AI may predict there will be less sales at the increased price.
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