This rubric covers the use of statistical tools working on large datasets to create models and derive inferences, as well as coverage of the field in its entirety. This differs from machine learning primarily in that the latter focuses on functional gradient analysis or neural networks (kernels) to derive models.
SAP BW Data Mining allows creating data mining models that implement respective analysis methods (either supplied by SAP as built-in with SAP BW Data Mining… Read More »SAP BW Data Mining Analytics: Model Reporting (Part 1)
As the market gets more competitive with time, businesses are altering their strategies to sustain and cater to changing customer needs better. The present era… Read More »How Businesses Are Using Data Analytics for Better Operational Efficiency
This article focuses on the machine learning aspects of the problem, and the use of pattern recognition techniques leading to interesting, new findings about twin… Read More »Machine Learning Perspective on the Twin Prime Conjecture
The distribution of data means the way the data gets spread out. This article talks about some essential concepts of the normal distribution: How to… Read More »How To Differentiate a Dataset If It Has Normal Distribution
Business intelligence has been making waves all over the world lately, especially in the business side of things. Organizations across all industries have it as… Read More »Business Intelligence: Top Use Cases for the New-Age Businesses
In this new paper (Rubin, 2021), I consider when researchers should adjust their alpha level (significance threshold) during multiple testing and multiple comparisons. I consider… Read More »When to Adjust Alpha During Multiple Testing
Download and use a free box and whisker outlier and anomaly detection template that first launched on KDNuggets.com in 2021. Or, copy, paste and run this FREE… Read More »Box Plot Graph Template Debuts on KDNuggets: Now Use the Free Source Code on Your Own Data
Image Source: Statistical Aid Sampling is a statistical procedure of selecting some representative part from an existing population or study area. Specifically, draw a sample from the… Read More »An Introduction to Statistical Sampling
Image Source: Statistical Aid Variance is one of the best measures of dispersion which measure the difference of all observation from the center value… Read More »Variance vs Standard Deviation
Image source: Statistical Aid Cluster sampling is defined as a sampling method where multiple clusters of people are created from a population where they are indicative of… Read More »Cluster sampling: A probability sampling technique
