The 8 Basic Statistics Concepts for Data Science

Understand the Fundamentals of Statistics for Becoming a Data Scientist

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Statistics is a form of mathematical analysis that uses quantified models and representations for a given set of experimental data or real-life studies. The main advantage of statistics is that information is presented in an easy way. Recently, I reviewed the whole statistics materials and organized the 8 basic statistics concepts for becoming a data scientist!

• Understand Type of Analytics
• Probability
• Central Tendency
• Variability
• Relationship Between Variables
• Probability Distribution
• Hypothesis Testing and Statistical Significance
• Regression

Understand Type of Analytics

Descriptive Analytics tell we what happened in the past and help a business understand how it is performing by providing context to help stakeholders interpret information.

Diagnostic Analytics takes descriptive data a step further and helps you understand why something happened in the past.