12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Variance is a measure of the spread of a distribution. It is defined as the mean square deviation of a distribution from its expected value. There is a direct relationship between variance and standard deviation. The variance is the square of the standard deviation.
12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
The standard deviation is a measure of the dispersion of a group of values. It indicates how far the values deviate from the mean (arithmetic average) of a group. It is a quantitative indicator of the variance in a set of data.
12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
The chi-square test (also chi-square test or chi-square test) is a statistical test used to test hypotheses about the independence of two characteristics. It is often used to test the significance of an observational or experimental data analysis. The chi-square test is used to find out whether a particular set of observations or measurements is significantly different from the expected value. The test is based on comparing the empirical probabilities of a particular outcome with the theoretical probability of the same outcome.
12/05/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
HR marketing is a branch of marketing that deals with recruiting, employer branding and staff retention. It includes various strategies to inspire and attract candidates to a company and to retain and motivate existing employees. Strategic measures include designing the employer brand, selecting the right communication channels, hiring employees and developing employee loyalty programs.
12/05/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
1. Understand your target customers: To develop a successful sales strategy, you must first understand your target audience. Get an overview of what needs your target group has and what your products or services can solve for them.
2. Define your sales goals: Before you start developing your sales strategy, you need to have a clear understanding of what you want to achieve. Goals can be sales figures, market share, or number of new customers. They will help you map out your strategy and take action to help you achieve those goals.
3. Develop a sales plan: After you have clearly defined your goals, it's time to develop a sales plan. This plan will include all the steps you need to take to achieve your goals. Remember that your plan should be specific and include specific actions and activities.
4. Measure your success: Once set up, you need to execute your sales plan and measure the results of your efforts. Measure your success using metrics such as revenue, new customer acquisition, and customer retention. This way you can see if your strategy is having the desired success and where improvements need to be made.