Correlation analysis refers to the application of statistical analysis and other mathematical techniques to evaluate or measure the relationships between variables. It can be used to identify the most likely set of factors that will lead to a particular outcome — such as a client responding to an offer or the performance of financial markets.
Comparative analysis means the comparison of two or more processes, document, dataset, or other objects. Pattern analysis, filtering, and decision tree analytics are types of comparative analysis.
Julia is an open-source, dynamic, high-level programming language designed for high-performance scientific computation and data analysis. Started in 2012 at MIT by Jeff Bezanson, Stefan Karpinski, Viral Shah, and Alan Edelman, Julia is designed with the philosophy of “write fast code, run fast”.
Risk management, sometimes referred to as risk mitigation, is the process of developing a strategy to reduce certain individual risks until the aggregate risk level for an activity is reduced to an acceptable level.
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