Market Research & Traffic Analysis

Help Topics

Neural Network

A process of quantifying text information from focus groups by coding appropriately into a computer and then analyzing results. When using a computer, results can identify patterns, draw abstractions, and find relationships within the input data.

What is a neural network concept?

Modeled in accordance with the human brain, a Neural Network was built to mimic the functionality of a human brain. The human brain is a neural network made up of multiple neurons, similarly, an Artificial Neural Network (ANN) is made up of multiple perceptrons (explained later). See the full article for more details.

Why do we need neural networks?

Neural networks are a computing system with interconnected nodes that work more like the neurons in a human brain. Neural networks are used to solve complex problems people face in real-world situations. These networks can learn and model the relationships between inputs and outputs that are complex and nonlinear.

What are the advantages of neural networks?

Neural networks offer a number of advantages, including requiring less formal statistical training, ability to implicitly detect complex nonlinear relationships between dependent and independent variables, ability to detect all possible interactions between predictor variables, and the availability of multiple training.

Which neural network is the simplest network?

The perceptron is the oldest neural network, created all the way back in 1958. It is also the simplest neural network. Developed by Frank Rosenblatt, the perceptron set the groundwork for the fundamentals of neural networks. This neural network has only one neuron, making it extremely simple.

Free Pre-Assessment Request

Do you want to know how your competitors are doing business?

Tell us a little about yourself below to gain data for free

Hi What’s your name?


Hi [First Name], what is your company’s name and website?



Is your company looking for any data on the following services:



Gotcha! Do you want to monitor any specific competitor or market?

List of Competitors

  • Add competitor…



Finally, what’s your email address and your phone number?



Your Data is on the Way!

Our data scientists team is working for you by collecting data and we’ll come back to you shortly with a pre-assessment and proposal.

WYgroup BI uses the information you provide to us to contact you about our relevant content, products, and services . You can unsubscribe from communications from HubSpot at any time. For more information, check out WYgroup’s Privacy Notice.