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statistics

Infographic: What is Forecasting?

Forecasting predicts future values of a particular quantity based on previously observed values of that quantity. Accurate demand forecasting helps decision making across all business areas, allowing you to better anticipate demand and allocate resources more effectively.

IBM SPSS Statistics Videos: Decision Trees 3 – Top Rules

In this third video, Alan shows you how to extract the key findings from a Decision Tree so that they can be used to enhance your understanding and develop scoring processes in operational systems.

IBM SPSS Statistics Videos: Decision Trees 2 – Holdout Samples

This second video concentrates on using Hold-out samples to create more robust predictive models. In essence, using ‘new’ data to test a model’s performance before using in production.

IBM SPSS Statistics Videos: Decision Trees 1 – Running Decision Trees

In this video, the first of a series, Alan takes you through running a Decision Tree with SPSS Statistics. Learn what settings to choose and how to interpret the output for this machine learning procedure that helps you to use your data to get better return on investment and focus in on the target groups of most interest to you.

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