After collecting life stats data for a year, here’s what you can learn by applying data analysis like correlation studies, time series analysis, Fourier transform and more.
The 1.5 IQR rule determines that any data point that’s 1.5 IQR points below the first quartile of data or above the third quartile is an outlier. Here’s why it’s 1.5 times IQR.
Importance sampling is an approximation method that uses a mathematical transformation to take the average of all samples to estimate an expectation. Here’s how to do it.
Everyone wants their thinking to be “data-driven,” but what exactly does that mean in practice? Our expert shares a primer on what statistics can and can’t tell you.
Pattern recognition is an automated process thanks to the availability of computer power to ingest data, process it, recognize its patterns and share it for further analysis. Here’s how pattern recognition works.
Prescriptive analytics is a tool used in many industries to connect causes to effects, and make well-informed decisions. Here’s why, when and how we use prescriptive analytics.
