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HypothesisTesting in Action: We learned how to formulate a null hypothesis (no difference exists) and an alternative hypothesis (a difference exists) and use statistical tests to evaluate their validity. It learns from historical data to make predictions about future events.
Exploratory Data Analysis (EDA): Using statistical summaries and initial visualisations (yes, visualisation plays a role within analysis!) HypothesisTesting: Formally testing assumptions or theories about the data using statistical methods to determine if observed patterns are statistically significant or likely due to chance.
Different approaches help organisations make sense of raw data, from simply summarising past events to predicting future outcomes. Exploratory Data Analysis (EDA) Exploratory Data Analysis (EDA) is an approach to analyse datasets to uncover patterns, anomalies, or relationships.
Statistics Understand descriptive statistics (mean, median, mode) and inferential statistics (hypothesistesting, confidence intervals). Perform exploratory Data Analysis (EDA) using Pandas and visualise your findings with Matplotlib or Seaborn. These concepts help you analyse and interpret data effectively.
Exploratory Data Analysis (EDA): Analysing and visualising data to discover patterns, identify anomalies, and test hypotheses. Inferential Statistics: A branch of statistics that makes inferences about a population based on a sample, allowing for hypothesistesting and confidence intervals.
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