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
In the present scenario, we are frequently talking about GDP growth and economic development. There are many parameters which are responsible directly or indirectly for economic changes of any county. Factors are like population, export, import, GDP, per capita GDP, human development index (HDI), National income and many more. There are many factors which are … Read more
Correlation and regression, both are commonly used and popular concept in the field of statistics and data science applications. Though both correlation and regression the concepts are being used to understand the relation of two or more variables, many people may get confused between the same concepts. In this article, we’ll discuss both the concept in … Read more
There are four types of analytics segment broadly. Those are Descriptive analytics, Diagnostic analytics, Predictive Analytics & Prescriptive Analytics. So, we’ll discuss what is descriptive analytics. Among all four types of analytics, Descriptive Analytics is the starting point for any kind of analytics to find out what has happened in the past. Also, descriptive analytics … Read more
Bell Curve is a methodology to understand normal distribution of data. In other words, Bell Curve is the graphical form of normal distribution. In Bell Curve, X axis represents the values of distribution and Y axis represents the frequency of each value.