Z-score
Definition of Z-score
Z-score: A z-score is a statistic that measures how far a particular observation is from the mean, in standard deviations.
Z-score: A z-score is a statistic that measures how far a particular observation is from the mean, in standard deviations.
Definition of Inferential Statistics Inferential Statistics: Inferential statistics are a type of statistics that are used to make estimations about populations based on samples. This is done by using the data from the sample to calculate a statistic, which is then used to make an inference about the population. What are Inferential Statistics used for?…
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…
Definition of Predictive Analytics Predictive analytics is the practice of using data mining and machine learning techniques to make predictions about future events. Predictive analytics can be used to predict things such as how likely a customer is to churn, or what the probability is that a particular disease will occur in a population.
Definition of Gaussian Distribution Gaussian Distribution – A Gaussian or normal distribution is a type of probability distribution that is bell-shaped and symmetrical. This distribution is often used in statistics to model real-world data. What is a Gaussian Distribution used for? A Gaussian Distribution, more commonly known as a normal distribution or bell curve, is…