What is statistical report in SAP BI-RA-PA - SAP Predictive Analytics?

SAP Term: statistical report

• Component: BI-RA-PA

• Component Name: SAP Predictive Analytics

• Description: Set of tables allowing a more detailed debriefing of a model.

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• Key Concepts: 
  A statistical report is a type of report generated by SAP Predictive Analytics that provides insights into data trends and patterns. It is used to identify correlations between different variables and to make predictions about future outcomes. The report can be used to inform decisions about marketing, sales, operations, and other areas of business. 
  
  How to use it: 
  To generate a statistical report, users must first select the data they want to analyze. This can be done by selecting the relevant fields from the data source. Once the data is selected, users can then use the various tools available in SAP Predictive Analytics to analyze the data and generate the report. The report will provide insights into correlations between different variables and can be used to make predictions about future outcomes. 
  
  Tips & Tricks: 
  When generating a statistical report, it is important to ensure that the data being analyzed is accurate and up-to-date. Additionally, it is important to consider the context of the data when interpreting the results of the report. For example, if analyzing sales data, it may be helpful to consider seasonal trends or other external factors that could affect the results. 
  
  Related Information: 
  SAP Predictive Analytics also offers other types of reports such as descriptive reports and predictive reports. Descriptive reports provide insights into existing data trends while predictive reports use machine learning algorithms to make predictions about future outcomes. Additionally, SAP Predictive Analytics offers a variety of tools for visualizing data such as charts, graphs, and maps.