What is Chi-Square Test Statistics? The Chi-Square test is used to determine if there is any significant relationship between two or more categorical variables. Chi-square statistics, also known as the chi-square test, is a statistical method used to test the association between two categorical variables. It is a non-parametric test, which means it does not make any assumptions about the underlying distribution of the
In today’s highly competitive e-commerce world, businesses face numerous challenges in attracting and retaining customers. To overcome these challenges, it is important to understand the needs, preferences, and behavior of the customers. That is where customer segmentation comes in. Customer segmentation is the process of dividing a customer base into groups of individuals who are similar in specific ways such as age, behavior, location,
In today’s fast-paced dynamic business environment, staying ahead of the competition means that companies must harness the power of data analytics to make informed decisions that minimize risk, optimize operations, and increase profitability. In this blog, we will explore real-world examples of how companies are using data analytics to improve their processes, sales, and operations, and how you can also adapt the same strategies