Scribd
Upload
22 views12 pages

BA - Data Modelling & Distribution Fitting by Safiya Seman

The document discusses data modelling and distribution fitting, highlighting their definitions, importance, and steps involved in each process. It emphasizes the significance of these techniques in business analysis for informed decision-making and operational efficiency. Additionally, it covers tools, real-world applications, challenges, and solutions related to data modelling and distribution fitting.

Uploaded by

mohammadyounus170
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
22 views12 pages

BA - Data Modelling & Distribution Fitting by Safiya Seman

The document discusses data modelling and distribution fitting, highlighting their definitions, importance, and steps involved in each process. It emphasizes the significance of these techniques in business analysis for informed decision-making and operational efficiency. Additionally, it covers tools, real-world applications, challenges, and solutions related to data modelling and distribution fitting.

Uploaded by

mohammadyounus170
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
You are on page 1/ 12

DATA MODELLING

AND
DISTRIBUTION
FITTING
Name: Safiya Seman
HT. No: 23081E0046
Sub: Business Analysis
Sem./Yr.: 3rd Sem. – 2nd Year
Dept.: MBA
College: Shadan College Of
Engineering And Technology
o INTRODUCTION

• Data Modelling: The process of creating a structured


representation of data relationships.
• Distribution Fitting: Identifying the statistical distribution that
best represents a data set.
• Importance: Crucial for informed decisions, forecasting, and
understanding data patterns.
o UNDERSTANDING DATA MODELLING

• Definition: Organizing and defining data elements and their relationships for analysis.
• Types of Data Models:
- Conceptual: High-level overview of entities and relationships.
- Logical: Details the structure without focusing on implementation.
- Physical: Focuses on how data is stored and retrieved.
• Use Cases:
- Identifying trends.
- Simplifying complex data.
- Supporting decision-making.
o STEPS IN DATA MODELLING

1. Identify business objectives.


2. Gather and analyze data requirements.
3. Define entities and relationships.
4. Create visual representations (e.g., ER
diagrams).
5. Validate and refine the model.
6. Implement and test.
o UNDERSTANDING DISTRIBUTION
FITTING
• Definition: Determining the statistical distribution that aligns with observed data.
• Key Components:
- Probability Distributions: Normal, exponential, Poisson, etc.
- Parameters: Mean, standard deviation, etc.
• Importance:
- Risk assessment.
- Forecasting outcomes.
- Optimizing operations.
o KEY PROBABILITY DISTRIBUTIONS

• Normal Distribution: Models natural phenomena (e.g., sales).


• Exponential Distribution: Models time between events (e.g.,
customer arrivals).
• Poisson Distribution: Models count-based data (e.g., daily
orders).
• Binomial Distribution: Useful for binary outcomes (e.g.,
success/failure).
o STEPS IN DISTRIBUTION FITTING

• 1. Collect and prepare data.


• 2. Choose potential distributions.
• 3. Estimate parameters using methods like
Maximum Likelihood Estimation (MLE).
• 4. Evaluate fit using goodness-of-fit tests
(e.g., Chi-square, KS test).
• 5. Select the best-fitting distribution.
o TOOLS AND TECHNIQUES

• Software:
- Excel (basic modeling and fitting).
- R and Python (advanced analytics).
- Power BI/Tableau (visualization).
• Techniques:
- Regression Analysis.
- Machine Learning Algorithms.
- Statistical Testing.
o REAL-WORLD APPLICATIONS

• Data Modelling:
- Customer segmentation.
- Financial forecasting.
- Process optimization.

• Distribution Fitting:
- Demand forecasting.
- Risk analysis.
- Quality control in manufacturing.
o CHALLENGES AND SOLUTIONS

• Challenges:
- Data quality issues.
- Choosing the right model/distribution.
- Overfitting or underfitting.

• Solutions:
- Ensure clean and sufficient data.
- Use domain knowledge.
- Validate results with tests.
o KEY TAKEAWAYS

• Data Modelling simplifies and structures data for


better analysis.
• Distribution Fitting aligns data with appropriate
statistical distributions.
• Both are essential tools in business analysis for
informed decisions and operational efficiency.
THANK
YOU!
I would like to extend my sincere thanks to everyone, especially the
faculty members and my classmates, for taking the time to view my
presentation. I truly appreciate your support and attention. I hope you
found my work insightful and valuable.

You might also like