Useful tips for everyday
What is non-linear algorithm in machine learning? You were introduced to 5 nonlinear algorithms: Classification and Regression Trees, Naive Bayes, K-Nearest Neighbors, Learning Vector Quantization…
What are the major problems of linear regression? 5 | Problems and Issues of Linear Regression Specification. Proxy Variables and Measurement Error. Selection Bias. Multicollinearity.…
Is the logistic regression model the same as the logit model? The following are points to keep in mind: The terms “logit model”, “logistic model”,…
What are the types of statistical data analysis? Types of statistical analysis. There are two main types of statistical analysis: descriptive and inference, also known…
How do you calculate simple probability? How to calculate probability Determine a single event with a single outcome. Identify the total number of outcomes that…
Which technique is used to find the root cause for business results? Also called the Ishikawa diagram, a fishbone diagram is a useful tool in…
Can you do correlation with Likert scale? Dear, Yes you can do correlation as Likert scale is called Summeted scale too. Can you correlate two…
What is 1 beta for a statistical test? Notation. 1-β = probability of a “true positive”, which is correctly rejecting the null hypothesis. “1-β” is…
What does it mean if 95 confidence intervals overlap? If those intervals overlap, they conclude that the difference between groups is not statistically significant. If…
How do you find the covariance of two random variables? Consider two random variables X and Y. Here, we define the covariance between X and…