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  • negative correlation

    A negative correlation is a relationship between two variables such that as the value of one variable increases, the other decreases.  Correlation is expressed on a range from +1 to -1, known as the correlation coefficent. Values below zero express n...  Definition

  • positive correlation

    A positive correlation is a relationship between two variables such that their values increase or decrease together. Correlations are ranked on a scale from +1 to -1. In a perfect positive correlation, ranked as +1, an increase or decrease in one var...  Definition

  • causation

    Causation, or causality, is the capacity of one variable to influence another. The first variable may bring the second into existence or may cause the incidence of the second variable to fluctuate.  Definition

  • correlation

    Correlation is a statistical measure that indicates the extent to which two or more variables fluctuate together. A positive correlation indicates the extent to which those variables increase or decrease in parallel; a negative correlation indicates ...  Definition

  • data-driven decision management (DDDM)

    Data-driven decision management (DDDM) is an approach to business governance that focuses on gathering data and analyzing it to guide corporate decisions and policies. The data-driven approach is gaining popularity within the enterprise as the amount...  Definition

  • data-driven disaster

    A data-driven disaster is a serious problem caused by one or more ineffective data analysis processes.  Definition

  • skewness

    Skewness is asymmetry in a statistical distribution, in which the curve appears distorted or skewed either to the left or to the right. Skewness can be quantified to define the extent to which a distribution differs from a normal distribution.  Definition

  • location intelligence (LI)

    Location intelligence (LI) is a business analysis tool capability that enables companies to gather geographic- and location-related data to better understand global, regional and local business trends.  Definition

  • box plot

    A box plot is a graphical rendition of statistical data based on the minimum, first quartile, median, third quartile, and maximum. The term "box plot" comes from the fact that the graph looks like a rectangle with lines extending from the top and bot...  Definition

  • scatter plot

    A scatter plot is a set of points plotted on a horizontal and vertical axes. Scatter plots are useful data visualization tools for illustrating a trend.   Definition

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