Chi-Square Distribution in Excel: A Comprehensive Guide The Chi-Square distribution is a fundamental concept in statistical analysis, widely used in hypothesis testing, regression analysis, and data modeling. Microsoft Excel provides various functions to work with the Chi-Square distribution, making it an essential tool for data analysts and statisticians. Understanding Chi-Square Distribution: Real-Life Analogy: Imagine you’re … Read more
Statistical functions are must for data analyst when using excel as tool and using statistical methods. There are 110 statistical functions in Microsoft Excel. Out of those, there are 25 statistical functions which are useful and must learn for data analyst. In this article, 25 statistical functions of excel will be on descriptive analytics, predictive … Read more
ANOVA is one of the frequently used inferential statistical method to check the effect of an experiment or test. Like other statistical tools, excel also have the capability to perform ANOVA test. In this article, we’ll discuss that how to use ANOVA with excel. Moreover, 4 steps for one way and two way ANOVA with … Read more
ANNOVA is an inferential statistical method to find out the difference between two data sets. It is a most useful test methodology among researchers and data analyst. ANNOVA is used for the fields of research and study like economics, statistics, biology, psychology and marketing study and many more. It can be performed by manual calculation … Read more
There are four types of analytics, descriptive analytics, diagnostics analytics, predictive analytics, and prescriptive analytics. Among all four types of analytics, predictive analytics is one of the important type of analytics to predict the future based on historical data. There are many factors which impacts the dependent variable and the future trend. So, while doing … Read more