Statistics: Statistics is the practice of collecting, analyzing, and drawing conclusions from data.
A/B testing is a method of testing where two versions (A and B) of a web page or app are tested to determine which version produces better results.
Definition of Logarithm The logarithm is a mathematical function that calculates the power to which a base number must be raised to produce a given number. It is written as log(x) and is read “log of x.” How is Logarithm used? Logarithm is a mathematical operation used to calculate the power or exponent that a…
Definition of Waterfall Chart Waterfall chart: A waterfall chart is a type of data visualization that shows how a starting value (in the y-axis) changes over time (in the x-axis) through a series of intermediary values. It’s often used to illustrate how different factors contribute to a final outcome.
Definition of Jaccard Index Jaccard Index: The Jaccard Index is a statistic used to measure the similarity of two sets. It is calculated by dividing the number of elements in both sets that are common to both sets by the total number of elements in both sets. What is Jaccard Index used for? The Jaccard…
Definition of Data Collection Data Collection: Data collection is the process of gathering data, often from different sources, for analysis. This can be done through surveys, interviews, focus groups, or other methods. What is a Data Collection used for? A Data Collection is a collection of data that is used for the purpose of analysis…
Definition of Time-Series Time-Series: A time-series is a sequence of data points, usually measured at successive points in time. Time-series analysis is the process of examining these data points in order to identify and understand trends and patterns. Time-series data can be used to predict future events, track performance over time, or measure the impact…