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Profit analysis is an integral part of analysis drills, which are conducted at regular frequency. Both finance and marketing departments are equally engaged in this activity — though both have a different approach to it. Variance…Continue
We must have read tons of literature on developing analytics models and finding information/insights out of data blob. Majorly this activity can run stand alone on your system, without any compulsion to interact with other machine. But, as the businesses are facing ever rising competition, the surmounting cost of maintaining engagement and the negative slope of realized profits, productization is not any buzz-word which is yet to see the light of day. It is happening and it is here to stay.…Continue
Even though processing and storage have become cheap and enterprises are adopting high performance analytics infrastructure, still in majority of cases the analytics study is constrained by local system. Multiple scenarios like working on a proof-of-concept in a small enterprise which can’t afford investing on heavy analytics infra, academic projects, hobby projects… the list goes on and the common factor here is system constraints.
Though we can’t escape the scenarios where we are…Continue
As per Wikipedia, Price Elasticity of Demand (PED or ED or PE) is a measure used in economics to show the responsiveness, or change, of the quantity demanded of a good or service to a change in its price when nothing but the price changes. In more precise business terms, it helps in finding those products which have their sales more/less susceptible to price changes. As we know, the demand is inversely proportional to price, it is quite imperative to know this information for…Continue