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The Big Data market is expected to be worth $103 billion by 2027. HypothesisTesting Statistical hypothesistesting enables data scientists to validate assumptions and draw conclusions about populations based on sample data. Q2: How does hypothesistesting contribute to Data Science?
According to a report by the International Data Corporation (IDC), global spending on AI systems is expected to reach $500 billion by 2027 , reflecting the increasing reliance on AI-driven solutions. Statistical Knowledge A solid understanding of statistics is fundamental for analysing data distributions and conducting hypothesistesting.
billion INR by 2027. Techniques like regression analysis, hypothesistesting , and clustering help uncover patterns and relationships within the data. It’s crucial to grasp these concepts, considering the exponential growth of the global Data Science Platform Market, which is expected to reach 26,905.36
Market Projections According to NDTV, India’s AI market is expected to grow at an annualised rate of 25-35% between 2024 and 2027. Gain proficiency in probability theory, hypothesistesting , regression analysis , and statistical inference. Forbes projects the global AI market size to expand at a CAGR of 37.3%
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