In this article, we are going to learn about Hypothesis Testing. Hypothesis testing is a very important and elegant concept in Probability and Statistics. we know that to study a phenomenon or…
Read MoreTechniques in AI/ML have made great advances and it is a great exploratory step. But for now, it has not matured enough to reach an inferential step. Continue Reading..
Read MoreInstead of starting with the definition of statistics, I wish to start with the quote of Karl Pearson’s definition on Statistics, “Statistics is thegrammar of science”. Recently everyone is talking…
Read MoreThe foundations of Data Science and machine learning algorithms are in mathematics and statistics. To be the best Data Scientists you can be, your skills in statistical understanding should be…
Read MoreWhat is one of the most important and core concepts of statistics that enables us to do predictive modeling, and yet it often confuses aspiring data scientists? Yes, I’m talking about…
Read MoreThe field of statistics consists of methods for describing and modeling variability and for making decisions when variability is present. In inferential statistics, we usually want to make a decision…
Read MoreWhat is a Statistical Model? “Modeling is an art, as well as a science and, is directed toward finding a good approximating model … as the basis for statistical inference”…
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