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boston matrix
The Boston matrix is a tool used to analyze and plan the offerings of a company. It is an important tool for product portfolio management and corporate planning. The Boston matrix is also known as the Growth Share matrix. The Boston Matrix helps companies to make quick decisions on which products ......
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Samantha
Bayesian predictive model
Introduction to Naive Bayes Clasification
Naive Bayes classification is a popular machine learning classification technique based on Bayes’ theorem. It is a supervised learning algorithm that can be used for binary as well as multi-class classification. Essentially, the Naive Bayes algorithm cons......
Ratio Forecasting
Growth-share matrix (also known as the product portfolio matrix, Boston Box, BCG-matrix, Boston Matrix, Boston Consulting Group analysis, portfolio diagram) is a method for evaluating the strategic importance of business units. Developed by the Boston Consulting group in the early 1970s, the metho......
Stationary Time Series Forecasting
Introduction
Time Series Forecasting is an integral part of any predictive analytics process and in many business domains it is important for a business to understand how a variable will change over time. Time Series forecasting is a technique used to predict future values based on previously obs......
Grand Strategy Matrix
The Strategic Matrix is a tool used by organizations to analyse and classify strategic options based on their relative attractiveness. It is a two-dimensional model, which helps in determining the competitiveness and performance of the organization. The Strategic Matrix consists of two elements:
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Exchange of non-monetary assets
Non-monetary Asset Exchange
In a world filled with various kinds of asset exchange, both the monetary and non-monetary forms are at the forefront of modern investments. Non-monetary asset exchange involves a wide range of goods and services that involve physical assets, stocks, and bonds. It occ......
Six Laws of Change
The Six Changes Policy
The Six Changes Policy refers to the series of economic related reforms initiated in China in 1965 by the Chinese Government, headed by Mao Zedong. The policy was intended to quickly raise economic output and maintain economic stability, particularly during the economic d......
assumption of human nature
The Human Nature Hypothesis
The concept of the human nature hypothesis first came about in the 17th and 18th centuries. At the time, natural philosophers and religionists proposed that human behavior was governed by a common set of “human instincts” or traits that were rooted in our nature. Thi......
sandwich effect
The “sandwich effect” is often used to describe scenarios in which the actions of two people delay or prevent a potential outcome. It is named after a classic story in which two hungry hikers encountered a bear. In order to avoid being mauled by the bear, the hikers ran separately, rather than r......
Minimum batch method
Introduction
Mini-batch gradient descent is an optimization algorithm which has gained popularity in recent years due to its ability to scale effectively and efficiently to large datasets. This method of training is based on a technique called “stochastic gradient descent”, which in turn is rela......
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