Useful tips for everyday
How to fit a multiple linear regression model? Fortunately, most statistical software packages can easily fit multiple linear regression models. Let’s revisit the Cleaning data…
Does XGBoost use logistic regression? We utilize various ML methods, such as logistic regression, XGBoost, random forest, decision trees, naïve Bayes, and K-NN, to predict…
How do you interpret probability in statistics? Probability is the measure of the likelihood that an event will occur in a Random Experiment. Probability is…
What types of variables are used in correlation? Here’s the problem: there are two kinds of variables — continuous and categorical (sometimes called discrete or…
Which is the generic inverse variance in metagen? An optional list to control the iterative process to estimate the between-study variance τ^2. This argument is…
Are Bayesian statistics useful? “Bayesian statistics is a mathematical procedure that applies probabilities to statistical problems. It provides people the tools to update their beliefs…
What is seasonality time series? Seasonality is a characteristic of a time series in which the data experiences regular and predictable changes that recur every…
How to generate a distribution with skew and kurtosis? Use the Fleishman transform to get the coefficient for the given skew and kurtosis. Fleishman takes…
What does a Q-Q plot tell you? The Q-Q plot, or quantile-quantile plot, is a graphical tool to help us assess if a set of…
What is the probability of a Type 1 error? Type 1 errors have a probability of “α” correlated to the level of confidence that you…