Understand the fundamentals of statistics
Learn how to work with different types of data
How to plot different types of data
Calculate the measures of central tendency, asymmetry, and variability
Calculate correlation and covariance
Distinguish and work with different types of distributions
Estimate confidence intervals
Perform hypothesis testing
Make data-driven decisions
Understand the mechanics of Regression Analysis
Carry out Regression Analysis
Use and understand dummy variables
Understand the concepts needed for data science even with Python and R!
What is statistics? Why is it needed? What are the differences between descriptive and inferential statistics?
Types of data
Measurement levels
Graphs and tables; categorical variables
Relationships between variables
Measures of central tendency
Measures of asymmetry
Measures of variability
Measures of the relationship between variables
Distributions
Estimators and estimates
Confidence intervals (interval estimator)
Confidence interval for the difference of two means
Hypothesis testing is the heart of statistics. We start from the very basics: what are the null and alternative hypotheses. We show different examples and explain how to form the hypotheses that are later to be tested.
With the advancements in computing power, Regression Analysis became one of the leading methods for statistical inference. We introduce the concept and what is to come in the section.
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