Variance vs Standard Deviation
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
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Data Science
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.
Cluster sampling: A probability sampling technique
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
Detect natural disasters with the help of predictive analytics tools
Predictive analytics tools are a key asset in detecting natural disasters. With higher accuracy than other weather detection sensors, they can detect early signs of… Read More »Detect natural disasters with the help of predictive analytics tools
What is data analysis and why is it important?
Data analysis is the process of evaluating data using analytical and statistical tools to discover useful information and help you make business decisions. There are… Read More »What is data analysis and why is it important?
A Few Useful Techniques for Business Forecasting
Forecasting is the process of making prediction of the future based on past and present data. In many cases a reliable forecast can be worth a… Read More »A Few Useful Techniques for Business Forecasting
What is a Data Mesh?
Data mesh is an architectural paradigm that unveils analytical data at scale, rapidly releasing access to an increasing number of distributed domain data sets for… Read More »What is a Data Mesh?
ARIMA Model (Time Series Forecasting) in a Nutshell
Introduction Does your business struggle to understand the data in a better way or to predict future trends? Then youre not the only one in… Read More »ARIMA Model (Time Series Forecasting) in a Nutshell
The Important Components of Augmented Analytics
When it comes to the new world of analytics, the augmented analytics approach allows business users with no data science background to readily access and… Read More »The Important Components of Augmented Analytics
A must have tool to analyse latest AI research papers fast
Here is a great too for your AI research I feel like a kid in a candy shop! If you are like me, and want… Read More »A must have tool to analyse latest AI research papers fast
Is Facebook’s “Prophet” the Time-Series Messiah, or Just a Very Naughty Boy?
A debate rages on page one of Hacker News about the merits of the world’s most downloaded time-series library. Facebook’s Prophet package aims to provide a simple, automated approach… Read More »Is Facebook’s “Prophet” the Time-Series Messiah, or Just a Very Naughty Boy?