Introduction The main objective of descriptive statistics is to understand the nature of the dataset.  Five number summary is a part of descriptive statistics and consists of five values and all this five values will help us to describe the data. The five number summary statatics are: The minimum value (the lowest value) 20th percentile […]

Introduction In the field of statistics for both sample and population data, when you have a whole population you are 100% sure of the measures you are calculating. When you use sample data and compute statistic then a sample statistic is the approximation of population parameter. When you have 10 different samples which give you […]

Measure of central tendency A measure of central tendency is a summary statistics that represents the center point or a typical value of a data set. These measures indicates where most values in a distribution fall and also known as central location of distribution. In simple way tendency of data to cluster around a middle […]

So in the previous article we had a brief introduction about Statistics and importance of it in the field of analytics. In this article we will move one foot forward towards understanding the stats. In this blog we are going to have an overview of types of statistics, Types of data and measurement scale. Types […]

Introduction Statistics is the science of conducting studies to collect, organize, summarize, analyze and draw a conclusion out of the data. It is nothing but learning from data. The field of math Statistics mainly deals with collective information, interpreting those information from data set and drawing conclusion from the it. It can be used in […]

Introduction As I say every time “Data Scientist is a professional who uses scientific methods and algorithms and create a meaning from raw data.” Data Science is much interesting to learn and also most booming field but why people fails in Data Science and they “QUIT”? Ever wondered. One of the most common reasons for […]