Understanding probability is essential in data science.
In 4 minutes, I'll demolish your confusion.
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1. Statistical Distributions:
There are 100s of distributions to choose from when modeling data. Choices seem endless. Use this as a guide to simplify the choice.
2. Discrete Distributions:
Discrete distributions are used when the data can take on only specific, distinct values. These values are often integers, like the number of sales calls made or the number of customers that converted.
These 7 statistical analysis concepts have helped me as an AI Data Scientist.
Let's go: 🧵
Step 1: Learn These Descriptive Statistics
Mean, median, mode, variance, standard deviation. Used to summarize data and spot variability. These are key for any data scientist to understand what’s in front of them in their data sets.
2. Learn Probability
Know your distributions (Normal, Binomial) & Bayes’ Theorem. The backbone of modeling and reasoning under uncertainty. Central Limit Theorem is a must too.
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Here’s what it does: 🧵
What it does:
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What it replaces:
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