Tag: Statistics for data science

Data Science

Difference Between Parameter and Statistics

by Vikram Singh

LAST UPDATED: September 21, 2023, 17:54 IST

Parameters and Statistics are closely related and interlinked, often complementary in data analysis and research. But both these terms are different from each other. Parameters describe the characteristics of a...

Statistics for data science

Data Science

Random Variable in Probability

by Vikram Singh

LAST UPDATED: September 15, 2023, 16:26 IST

If you are an aspiring data scientist or statistician, one of the first questions is what random variables are and how they are associated with probability distribution. We will discuss...

Statistics for data science

Data Science

What is Regression Line – Formula, Calculation, Example, Application

by Atul Harsha

LAST UPDATED: August 28, 2023, 10:36 IST

Imagine you've just launched a brand-new type of sneaker on an online store. Every day, you run ads on social media platforms like Instagram and YouTube to promote your sneakers....

Statistics for data science

Data Science

Multivariate Analysis Techniques for Data Exploration

by Rashmi Karan

LAST UPDATED: August 17, 2023, 13:11 IST

The evolution of information technology and data analytics has made it easier to make collection, storage and transportation processes of large databases (both in volume and complexity). A multivariate analysis...

Statistics for data science

Data Science

Robust Statistics: Techniques to Deal with Outliers and Non Normal Data

by Shiksha Online

LAST UPDATED: May 17, 2023, 20:45 IST

In this article on Robust Statistics, we will discuss various approaches to handling outliers and non-normal data. Table of Contents IntroductionTechniques to deal with outliersTechniques to deal with non-normal data...

Statistics for data science

Data Science

11 Best Statistics Books To Read Now

by Vikram Singh

LAST UPDATED: September 5, 2023, 14:10 IST

Statistics is the Heart of Data Science. From Data Exploration & Preprocessing to Hypothesis Testing, statistics play an important role in Data Science for decision-making and problem-solving.  Statistics help Data...

Statistics for data science, Teaching and Research

Data Science

Moments in Statistics: A Comprehensive Guide

by Vikram Singh

LAST UPDATED: September 5, 2023, 14:15 IST

Moments in statistics are quantitative measure that describes the specific characteristics of a probability distribution. It helps to understand the data set's shape, spread, and central tendency. This article will...

Statistics for data science

Data Science

How to Use Mode Formula in Statistics: Your Step-By-Step Guide

by Vikram Singh

LAST UPDATED: September 7, 2023, 17:42 IST

Like the mean and median, the mode is also a measure of central tendency representing the most frequently occurring value in the dataset. While it is less useful in comparison...

Statistics for data science

Data Science

Who is a Statistician?

by Vikram Singh

LAST UPDATED: April 30, 2023, 23:40 IST

Statisticians are professional who applies statistical or mathematical methods to real-world problems. They are concerned with collecting, analysing, interpreting, and presenting data to help make business decisions. They are in...

Statistics for data science

Data Science

Types of Statistics: Descriptive and Inferential Statistics

by Vikram Singh

LAST UPDATED: September 7, 2023, 17:42 IST

What is Statistics? Statistics is the branch of mathematics that deals with the collection, analysis, interpretation, presentation, and organization of numeric data. It is a tool that helps to make...

Statistics for data science