Statistical Data Analysis Services

Fraudsters are solely turning into smarter. It’s never excellent news once a client finds out there have been unauthorized transactions on their MasterCard. Once after the initial shock, the first move most customers come up is to report the bank about the fraud. But what happens next? Financial establishments require comprehensive analytics to make a robust bank fraud detection strategy.  Advanced Analytics  computer code provides the tools necessary for banks to acknowledge and act on suspicious patterns, quickly give notice customers of fraud incidents and position themselves for quicker settlements. Few examples of fraud that happen in banking: • Corruption • Cash Fraud • Billing Fraud • Check Tampering Fraud • Skimming • Larceny • Financial Statement Fraud Data Analytics  will keep a thorough analysis of information and appearance for patterns that indicate potential fraud. For example: • Customers with a deposit, checking, MasterCard and private loan acc...

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In Brief: With the combination of math,  statistics , and computer science,  big data analysis  and ML algorithms are becoming more and more computationally emphasized. Google Trends data can aid in advance in forecasts of the current level of activity for several different economic time series. Google Trend  is presently one of the most common analytics tools noted by numerous studies and applying by policymaker units. There are many details behind such as timeliness, a broad range of relevant study fields, user interface, and free data access. Encouraged by advances in computing power,  ML  methods have recently been anticipated as substitutes to time-series regression models typically used by World banks  for predicting main economic variables . The ML models are particularly suitable for handling large datasets when the number of possible regressions is more significant than that of existing explanations. Continue Reading:   h...

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SPSS Predictive Analytics  - Expanding a business may be a massive challenge. It takes dedication, uncanny foresight and savvy. If you designed that business from the bottom up, the stakes are even higher. Even so, success is found at the intersection of excellent business sense and toil. Undefeated business homeowners recognize the wants of their ideal customers. Statistical Package for the Social Sciences  (SPSS)  permits users virtually in any trade to ascertain into the long run. The answer is a component of IBM’s  Business Analytics  portfolio and works seamlessly with Cognos, the world’s business intelligence tool. SPSS attracts on a robust reserve of algorithms to research data, similarly as newly-captured information to modify smarter choices and improve outcomes. Once integrated with Cognos, completely different levels of users — from executives to analysts — will see dynamic game reports, scorecards, and different visuals on their desktops or m...

In Brief: Today online social media platforms such as Twitter, Facebook or Youtube shield a big share of the wide-ranging digital communication. Different software tools allow the assembling of information about users and the collection of data about their communication behavior. Mainly, the microblog Twitter provides manifold opportunities in Data Analysis to its functionality and the availability of appropriate software. A critical review on Using Twitter as a data source: an overview of social media research tools (2019)   by Wasim Ahmed . Research by Wasim Ahmed (2019) presented an influence on the latest developments in digital methods, methodologies for researching Twitter and other social media platforms. Ahmed gives an overview of the main trends in research methodology, especially how to use Twitter data efficiently in given a multitude of methodologies . Overview of research methods In searching for the role of the participants...

3 Most Important Challenges to be considered while using social media data for Medical & Healthcare research INTRODUCTION Social media channels are being used by patients for switching Healthcare Analytics information, involvements with their chronic condition, and pursue information from other people or establishments, for example, · NHS Choices ( www.nhs.uk ) · Joining the Conversation describes Big White Wall ( www.bigwhitewall.com ) · Mental health SNS that facilitates peer-professional interactions · National Institute for Health & Care Excellence (NICE) · UK government ( https://www.gov.uk/government/publications ) · NHS England Publication stores ( www.healthline.com ) Given that there is a high usage of social media for exchanging health information , it offers new opportunities between and amongst healthcare professionals, patients, and the public. Data Analysis on Healthcare service information ‘empowers’ patients and the general public to make r...