WalzChi-Square Goodness of Fit Test: A Simple AnalogyImagine you’re a quality control inspector at a candy factory. You’re supposed to check if each bag of mixed candies has the right…Aug 1Aug 1
WalzRegression Statistics: A Simple ExplanationRegression statistics are measures used to assess the performance and characteristics of regression models. These statistics help evaluate…Jul 31Jul 31
WalzAccuracy, Precision and Recall: A Simple ExplanationTo understand what accuracy, precision and recall mean, let’s take a movie analogy. Imagine you’re a movie critic trying to find all the…Jul 30Jul 30
WalzWhat is Statistical Significance: A Simple ExplanationLet’s start with an example. Imagine you and your friends are comparing how high you can jump. You measure how high each of you can jump…Jul 29Jul 29