The t-distribution is a type of probability distribution that is used to calculate the likelihood of an event occurring. It is a bell curve-like distribution that is used to calculate the standard error of a statistic.
Definition of Data Engineer Data Engineer: A data engineer is a professional who creates and maintains the data pipelines that allow a company to make use of data science. Data engineers are responsible for ensuring that data is correctly collected, cleansed, and organized, so that it can be used by data scientists to glean insights…
Definition of Data Governance Data Governance: The process of governing data involves implementing structure, controls, and processes around the management of data. Data governance aims to ensure that data is consistently accurate, complete, and accessible across the enterprise. It also helps identify and protect sensitive information while maximizing its value. What is Data Governance used…
Definition of Feature A feature is a characteristic of something, often used to describe data. In machine learning, features are the variables that are used to train and predict models. Good features are important for making accurate predictions, so it is important to select the most relevant features for your data set. What is a…
Definition of Latin Hypercube Sampling Latin Hypercube Sampling: Latin Hypercube Sampling (LHS) is a method for constructing a point sample from a probability distribution. The most common use case for LHS is in Monte Carlo simulations, where the goal is to approximate the distribution of a function by taking repeated samples from it. In order…
Definition of Statistical Analysis System (SAS) Statistical Analysis System (SAS): A Statistical Analysis System (SAS) is a software application used for statistical analysis. SAS is used to perform a variety of tasks, including data entry, data management, statistical analysis, report generation, and more. A Statistical Analysis System (SAS) is a software application used for statistical…