T-test
Definition of T-test
T-test: A T-test is a type of statistic that is used to compare two groups of data. It can be used to determine whether the means of the two groups are statistically different from each other.
T-test: A T-test is a type of statistic that is used to compare two groups of data. It can be used to determine whether the means of the two groups are statistically different from each other.
Definition of Scatterplot Scatterplot: A scatterplot is a graphical representation of data in which the points are plotted on a coordinate plane. The data is usually displayed as a series of points, with each point representing a pair of values. The value on the x-axis is typically the independent variable, while the value on the…
Definition of Lift Lift is a measure of how much a model predicts the value of a target variable relative to the prediction of the same target variable by a random guess. Lift is often used as a measure of how good a model is at discriminating between different groups. How is Lift used? Lift…
Definition of Multivariate Analysis Multivariate Analysis: Multivariate analysis is a set of statistical techniques used to analyze data that has more than one variable. The goal of multivariate analysis is to identify relationships between the variables and to find patterns in the data. How is Multivariate Analysis used? Multivariate Analysis is a data science and…
Definition of Modeling Modeling: Modeling is the process of creating a mathematical representation of a real world phenomenon. Modeling is a process of using past data to understand and predict future outcomes. It can involve creating mathematical models to represent relationships in the data, or using machine learning techniques to build models from data that…