by Dr. Subhabaha Pal (Guest Author) | Mar 30, 2023 | Statistics
Conditional Probability Application: Understanding Bayes Theorem Table of Content: Introduction Understanding Conditional Probability Bayes Theorem: An Introduction Bayes Theorem Applications Examples of Bayes Theorem in Real Life Conclusion Introduction: Probability...
by Dr. Subhabaha Pal (Guest Author) | Mar 30, 2023 | Statistics
Probability theory is a branch of mathematics that deals with the study of random events and their likelihood of occurrence. It is a fundamental concept in various fields, including statistics, economics, engineering, and social sciences. In this article, we will...
by Dr. Subhabaha Pal (Guest Author) | Mar 30, 2023 | Statistics
Outlier Detection Techniques find and eliminate outliers from datasets. These methodologies are widely used in a variety of disciplines, including business, finance, healthcare, and the social sciences. Outliers are data points that go beyond the typical range of the...
by Dr. Subhabaha Pal (Guest Author) | Mar 30, 2023 | Statistics
Measures of dispersion in statistics relate to the variance or spread of a dataset. These measurements are used to determine the degree to which observations in a dataset vary from one another. There are several forms of dispersion metrics, with variance, standard...
by Dr. Subhabaha Pal (Guest Author) | Mar 30, 2023 | Statistics
Measurements of Central Tendency are an essential component of statistics and data analysis. These are numeric numbers that give information on the centre of a data set or distribution by providing the usual, average, or most often score or value. The most common...
by Dr. Subhabaha Pal (Guest Author) | Mar 30, 2023 | Statistics
Data is the lifeblood of modern organizations. Data analysis keeps an organization informed about its current status, guides decision-making, and helps it keep pace with changing market trends. There are different types of data that companies must collect to design...
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